ICC is a non-profit organization that owns and operates low-cost housing for college students in Austin, Texas. We have nine large houses, each serving 14-32 members. We've been doing this since 1970 although ICC goes back to 1932. Here's more about our history, written by a former member.
First, it means that our members -- the students who live in our houses own the organization and manage it. Each house runs itself, and elects one of its members to the ICC Board of Directors which manages the organization as a whole.
Second, it means that houses operate by their members cooperating with each other on a day-to-day basis. This means that each member does about five hours of work around the house each week (cooking, cleaning, etc.), attends house meetings, and interacts positively with other members of the house.
Co-ops are over a hundred years old and aren't just for student housing -- they include utilities, banks, farms, and retail stores. Here are links to other local co-ops, the Rochdale Principles, and Co-Op America, a clearinghouse for the U.S. co-op movement.
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