What additional benefit does Evan receive when purchasing a unit in a housing cooperative?

When purchasing a unit in a housing cooperative, the buyer receives shares in the cooperative corporation. This is a critical aspect of cooperative ownership, as it signifies that the buyer is not just acquiring a specific living space but is also becoming a member of the cooperative and has a vested interest in the overall management and operations of the community.

In this structure, instead of owning real estate outright, residents hold shares that grant them the right to occupy a unit. This system allows for collective decision-making regarding the property and can often lead to a more community-oriented living experience. Additionally, owning shares may provide privileges such as voting rights in cooperative matters, which can influence policies, budgets, and other community decisions.

The other options do not align with the nature of a housing cooperative. For example, a mortgage contract pertains to traditional real estate ownership rather than cooperative ownership. A deed signifies ownership of real property, which is not how cooperatives operate since residents do not receive a deed for their unit. Plat maps are used in real estate to show the layout of the land; while they might be relevant in some contexts, they do not serve as a direct benefit to the resident in terms of ownership structure in a cooperative. Thus, the shares in the cooperative corporation represent the primary