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River City Housing Collective, Inc.--RCHC is an incorporated 501c3 nonprofit. RCHC owns our assets, but the membership controls them.
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Do members own shares?
No, members do not purchase shares. Our members do not build equity or receive dividends. Members sign a leasing agreement for a room at one of our houses in exchange for affordable rent, democratic control, and community living.
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If members don't own the houses, then what does your vision statement mean by 'instilling a sense of ownership?'
While you are an active member of RCHC, you will exercise all of the responsibilities of home ownership, including the care and maintenance of our property.
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Who's in charge?
All active members are allowed to have a voice in decisions for the Collective and their House. Instead of a landlord, RCHC is managed through the consensus-based decision making of its general membership, member-run committees, and elected officers.