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The union said the purchase agreement was not a loan but an equity share arrangement.
Infosys Technologies, 5.2 million American depository shares, each representing half an equity share.
Leaseholders who can't pay have been told the council could claim an equity share in their property.
"We built an oceanfront house in 1988 and we called it an equity share," Mr. Booker said.
Many leaseholders say they can't, and face being forced to hand over an equity share in their home back to the council that originally owned it.
The union says the deal is an "equity share arrangement" which will deliver profits for members when the flat is sold.
Similar(36)
In return, it offers landlords a share, typically 5 to 10percentt, in the revenue generated by tenants' use of service, and for a limited time is offering a equity share in Brix.
The $1.5 billion brand not only pays workers in its upstate New York factory over twice the minimum wage, it also has an equity sharing program in which employees collectively own 10% of the business.
At an early stage it's hard to buy in talent - often it's better to get experts on board on an equity-share basis.
ACT consultants worked closely with two Bay area nonprofits on how an equity-sharing fund to finance residential down payments could benefit both the public and private sector.
Taking a page out of the information technology business, Sarnoff has come up with an equity-sharing plan Sarnoff scientists get 25% of the equity in spinoffs, or royalties if a technology is licensed out.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com