What is Cooperative Housing?

Cooperative Housing Definition

Cooperative Housing (also Housing Cooperative, Co-op, or Housing Company) consists of membership-based cooperatives or corporations that own real estate. They typically comprise one or more residential buildings and are a type of housing tenure. Cooperative housing provides the right for members to live in a certain residence. Both HUD 221(d)(4) and HUD 223(f) loans are equipped to fund cooperative housing properties, however, they are subject to certain additional requirements. Cooperative housing properties financed with HUD 221(d)(4) and HUD 223(f) are also fully eligible for HUD 223(a)(7) refinancing.


To learn more about the HUD 223a7 refinance program, fill out the form below to speak to a HUD/FHA loan expert.