Opinion: More problems than solutions in co-op ordinance
I recently read through the latest draft of the co-op ordinance. Unfortunately, it is still a mash-up of ideas that sound good but have significant flaws. And it is still disorganized — general requirements are mixed with specifics, concepts show up in multiple places, and some terms, including “limited equity cooperative,” “certification,” and “privilege,” are undefined. One of the biggest problem areas is the “permanently affordable Group Equity Cooperative” (GEC). I’ll focus there, but it is not the only problem by any means. The ordinance allows up to 12 people to live in a co-op in low-density zones, and up to 15 in higher-density zones. But if the Planning Board so recommends, the city manager can increase the upper limit for a “permanently affordable” co-op like a GEC. The Planning Board must consider impacts, crowding, parking, and the co-op’s “mission,” but there are no actual rules for the board to follow to calculate their recommended number. So no one can challenge the