UNSPSC 95101503: Cooperative apartment parcel

A defined piece of land used to house a cooperative apartment building

UNSPSC 95101503 Cooperative apartment parcel, a Commodity code, covers the acquisition or lease of residential housing units held in cooperative ownership structures where buyers purchase shares in a cooperative corporation rather than owning real property outright. State and local governments procure cooperative housing parcels primarily to support workforce housing programs, employee relocation assistance, and affordable-housing development initiatives in high-cost markets where traditional single-family or rental housing options prove cost-prohibitive. The code applies to transactions involving the purchase, assignment, or long-term lease of cooperative shares and the associated proprietary leases that grant occupancy rights to specific units.

The source provides no recent state and local contract opportunities tagged to this code, making current market activity unclear. Cooperative housing procurement remains sparse in the typical state and local contracting landscape, as most jurisdictions address workforce and affordable-housing needs through direct rental assistance, conventional purchase-and-rehabilitation programs, or partnerships with nonprofit housing developers rather than cooperative-ownership structures. Firms interested in this code should monitor procurement notices from state housing finance agencies, state workforce-development departments, and larger metropolitan school districts and transit authorities in high-cost urban areas, where cooperative housing models occasionally emerge as part of employee-retention or executive-recruitment packages, though such solicitations remain infrequent relative to other real-estate commodity codes.