Local housing group invites newcomers, curious residents

LAKE PLACID | A housing cooperative, or “co-op,” is forming in North Elba, on 100 acres of undeveloped land. The co-op seeks interested individuals to join the conversation about establishing a community at a free information session on Sunday, Jan. 7 from 3:30 to 5 p.m. at the Lake Placid Beach House, 31 Parkside Drive.

The co-op’s mission is to build and maintain a sustainable community on Averyville Road in Lake Placid. Its purpose is to provide safe, decent and attainable housing for residents of an estimated 20-40 households.

“We are excited to share this opportunity with more people who are interested in learning about cooperative housing and what it could look like in Lake Placid,” said the group’s board president Stephanie Sears. “Our area faces some real housing challenges, and we feel our co-op offers a great option for residents and families seeking more attainable options.”

A housing cooperative, or “co-op,” is the legal term for housing and land that is owned and controlled jointly by a group of people who have equal shares. Collective ownership lends itself to the cultivation of pride and concern of property which results in a successful and sustainable community.

Read the full story in the Sun Community News.