Architecture Richmond: English Village
ArchitectureRichmond has a look at English Village: While undeniably charming, the development was notable when built mostly for its innovative housing cooperative. Seventeen homeowners bought stock in the English Village Corporation, and while they each contributed to the development’s upkeep, the corporation made no profit and each owner was able to retain individual property titles. […]
ArchitectureRichmond has a look at English Village:
While undeniably charming, the development was notable when built mostly for its innovative housing cooperative. Seventeen homeowners bought stock in the English Village Corporation, and while they each contributed to the development’s upkeep, the corporation made no profit and each owner was able to retain individual property titles. This reduced housing costs and gave residents an opportunity to manage their development, both in design and conservation. One of the first cooperatives in the nation, the trend would grow considerably worldwide and find a more modern parallel in condominiums.
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