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Number of Minnesota housing co-ops surging ahead of nation

Minnesota is now home to 79 of the nation's 103 senior-citizen housing co-ops, according to the Senior Cooperative Foundation of St. Paul. This year Minnesota is surging ahead, with new co-ops planned in Shoreview, Burnsville, Bloomington and Champlin.

The growth is driven by an aging population, federal policies and Minnesota's unique love of cooperatives. Co-op members like the feeling of owning their buildings -- and controlling them.

Housing co-ops are booming in part because Minnesota is a hotbed for all kinds of co-ops. For example, Minnesota leads the nation with 1,016 business-related co-ops, according to a 2011 report by the think tank Minnesota 2020.

Read more at http://www.twincities.com/homeandgarden/ci_24192075/its-their-kind-crowd.

 

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