Exhibit Response- Natalia Hernandez

I chose to write about the Amalgamated Housing Cooperative in The Bronx. I think this is a very interesting type of housing. This living space was one of the pioneers in its field. It started with a group of immigrant workers, tired of living in tenement houses with landlord who took advantage of their need. It is now one of the most successful co-ops in the city. I did not have much knowledge of co-ops before this exhibit. However, after a bit of research I found that in this type of housing, all of its residents own shares of the corporation that owns the development. In addition to the share price, residents pay additional fees for the upkeep and maintenance of the co-ops. This type of living is very efficient as the residents can be their own tenants and landlords. The fact that they all own shares, motivates a community mindset. I believe if done right, co-ops can be one of the many solutions to our present housing crisis.