I recently read through the latest draft of the co-op ordinance. Unfortunately, it is still a mash-up of ideas that sound good but have significant flaws. And it is still disorganized — general requirements are mixed with specifics, concepts show up in multiple places, and some terms, including “limited equity cooperative,” “certification,” and “privilege,” are undefined. One of the biggest problem areas is the “permanently affordable Group Equity Cooperative” (GEC). I’ll focus there, but it is not the only problem by any means.