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A cooperative is a limited equity housing corporation that benefits participants of the Massachusetts Rental Voucher Program (MRVP). Participants who are members of a cooperative may receive MRVP rental assistance, but they cannot accumulate equity resulting from the MRVP subsidy funds paid to the cooperative on their behalf.
The value of an MRVP applicant’s shares in a cooperative are not considered to be assets for the purposes of eligibility for the MRVP.
Rental Voucher Program (MRVP) - Overview - Massachusetts
Rental Voucher Program (MRVP) -Assets - Massachusetts
Rental Voucher Program (MRVP) - Eligibility - Massachusetts
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