What is a Resident-Controlled Rental?
A corporate ownership model where residents continue to rent, but also select at least a majority of the ownership entity’s corporate board.
Features:
 | A 501(c)3 corporation is usually the ownership entity. |
| Resident control corporation through a Board of Directors |
| Residents are tenants of the ownership entity. |
| No equity stake or membership fee is required. |
| Very similar to co-ops, but no tax deduction, more easily understood, no resident equity in development. |
Massachusetts Examples:
| Clarendon Hill Towers in Somerville |
| Amesbury Gardens in Lawrence |
| The Brownstones in Boston |
