

No, it doesn’t.
In Canada, housing coops get grants and tax exemptions to get major capital projects done, even more to start one. Governments like coops because they ease social housing burden.
The reason they aren’t more popular is that a developer can’t extract nearly as much profit from building them vs private builds.
I know this because I ran the board of a co-op for almost a decade.

Entendre les memes arguments contre le Français au Canada hors-Quebec pour 50 ans.