District of Columbia
Limited Equity Housing
The DC Council is considering important legislation to reduce property taxes on limited equity housing cooperatives and promote the creation of more affordable housing cooperatives.
"We propose that the city establish a goal of increasing the number of LEC units in Washington, D.C. by 45% by 2025 — from 4,400 units to 6,400 units."
Current Number of Limited Equity Co-op Units in DC
Pledge Your Support
for Limited Equity Cooperatives in Washington, DC.
Task Force Members
“We came together, we paid our rent every month, we did everything we were supposed to do. We paid off our building by 2016. So in twenty years, our co-op was completely paid for... After we paid for the building and everything, of course we weren’t paying as much rent as we had been paying, but we decided that we were each going to pay a certain amount of money each month, and from that, we were able to start doing some renovations on the building, and we paid cash... We’re going to continue to keep collecting money every month, and improving our building.”