Alternative term: Communal Ownership
1. From the Wikipedia:
"Community owned assets or organisations are those that are owned and controlled through some representative mechanism that allows a community to influence their operation or use and to enjoy the benefits arising.
Benefits of community ownership in infrastructure projects such as dams and irrigation are claimed to include increased responsiveness to needs of that community and the community valuing the projects more highly." (http://en.wikipedia.org/wiki/Community_ownership)
2. Charlotte Du Cann:
"These businesses are owned and supported by the community in which they are situated. Examples range from a cinema in Bristol to urban orchards in Dundee to a national network of CSA (community supported agriculture) farms and vegetable box schemes. Hundreds of community energy projects, from solar-panelled tower blocks and energy gardens in London to a pioneer tidal scheme in the Shetlands, put renewable power into local hands. Even local newspapers, such as the Bristol Cable or Scotland’s online Common Space, are now owned by their readership." (http://www.theguardian.com/sustainable-business/2015/sep/17/economy-grassroots-projects-local-social-austerity)