Third Decade

To better assist those many groups and individuals who wanted to start new cooperatives, the Campus Cooperative Development Corporation (CCDC) was incorporated as an affiliate of NASCO in 1988. Funded and controlled through its own membership structure, CCDC contracts with NASCO for staffing. CCDC can provide all of the stages of development assistance from project feasibility through financing and organizational design.

In that same year, NASCO incorporated another affiliate called NASCO Properties (NP). It was formed originally as a way of saving the Inter-Cooperative Council in Austin from bankruptcy. Borrowing money from the Inter-Cooperative Council in Ann Arbor, NASCO Properties purchased a house from the Inter-Cooperative Council in Austin and then leased it back, keeping total membership and income to them at the same level while giving them a cash infusion. This kept them alive until the housing market recovered a few years later. Building on this base of property ownership, NASCO Properties found ways of buying houses in other places and then leasing them back to local cooperatives.

 

Begin: 
1988
End: 
1998