Although access to decent and reasonably priced housing is still a huge global concern, housing is a basic human necessity. Homeownership has become challenging, particularly for low- and middle-class households, due to rising property costs, a lack of social housing, and wage inequality. With its low financing, community involvement, and common ownership, cooperative housing has become a feasible answer.

Through systems including member savings, cooperative loans, and government assistance, cooperative housing finance plays a critical role in facilitating housing access while advancing social welfare and financial stability. According to research conducted worldwide, cooperative housing can lower housing prices, improve members' financial security, and fortify community ties. However, obstacles including expensive land or construction costs, governance problems, and policy shortages may restrict their effectiveness

In order to provide insights into how cooperatives might be improved to meet the increasing demand for cheap and sustainable housing, this study attempts to assess cooperative housing financing policies and their effects on member welfare and financial stability.