LOSZ brings together regional, autonomous associations of housing cooperatives operating in the 19 public administration zones of the country and in Budapest.
LOSZ members include altogether 1021 housing cooperatives (out of the 1269 registered housing cooperatives). It currently has 21 such supporting members. The main objectives and functions of LOSZ are: to improve the operating, legal and management environment of housing cooperatives and condominiums; to organize training and exchange of experiences; to establish and keep governmental and international contacts.
Flats in cooperatives and condominiums are owned by the members of the cooperative or the owners of the condominiums. The organizations only own the land, on which the residential building is constructed, and the rooms, furniture and furnishing of common areas in the buildings.