CICs (cooperatives, multi-family residential condominium associations (COAs), and planned developments (homeowner associations (HOAs) and master planned communities)) have ballooned since getting their start in 18th century London. Read History and Structure of the Common Interest Community for an in-depth understanding or, for a more abbreviated history, check these secondary and tertiary references. On a slightly different note, you can also learn about public interest developments (PIDs).
New York City was one of the first major US cities to develop cooperatives (for the well-heeled). CICs exploded in prominence and quantity starting in the 1960's as they facilitated opportunities for more affordable home ownership (condominiums and co-ops), opportunities to enforce segregation via covenants (a practice that has since been denounced) and as municipalities discovered that they could reduce and/or eliminate their burden of caring for sidewalks, streets, lights, parks, plumbing and more by shifting those responsibilities to private homeowner associations (read Critical Assessment: The Financial Role of Community Associations).
CIC-related statutory governance began with a focus on development in the early 1960's, then shifted to regulating developers and has most recently evolved to provide more protections for homeowners through adoption of provisions contained in the Uniform Common Interest Ownership Act and Uniform Condominium Act (various versions adopted over decades across a handful of states).
Straddling both government and corporate realms, CICs face many of the same challenges experienced by those entities: drafting and revising legislation (written governance), contracting, human resources, financing, engaging constituents (homeowners) and more. Volunteer homeowner leaders are under immense pressure to plan and orchestrate a long-term balancing act maintaining property values and quality of life for residents while simultaneously honoring the boundaries of federal, state and local statutes, codes, and governing documents.
READ: Common Interest Communities: An Introduction by David L. Callies