Co-opain Information

We help you to own a home at half its price, stay away from charity & go for cooperation. Imagine saving 100 000$ over 30 years? What would you do with it? Who we are Co-opain is an NGO concerned with the housing crisis in Lebanon. Our main focus is to create a healthy and strong housing cooperative sector. Co-opain is supposed to be the major motivator, stimulator, educator and match maker that lead people into participating in Coops. Coops are pillars to create & sustain development. What is a housing cooperative? A housing cooperative is a “Non for profit” residential project. It is built by its own future residents, not by developers from the private sector. A housing coop is a moral person that benefits from multiple fiscal exemptions. The beneficiaries are not building the project for resale at profit as it is forbidden by the law. They are only building for the purpose of occupying the apartments themselves as a primary residence. They don’t seek profit; they only aim to ameliorate their well-being in a decent way. Partnership does not make them entrepreneurs but holders of their own destiny. What we do Regular people are not experts regarding construction, finances, and the law. They don’t know how to manage a construction project on their own. We do the followings for them: 1. Match making between beneficiaries 2. Searching and finding good lands 3. Feasibility study and permit file 4. Explanation of the “Nizam” & housing coops law 5. Help them get financial approvals 6. Follow up for the entire project until finished 7. Legal expertise (lawyer) 8. Audit and cash flow monitoring (auditor) 9. Hiring construction managers to handle the costing, drawings and execution of the project