Wiktionary
community owned
a. (context legal English) of or pertaining to assets or organisations 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.
Usage examples of "community owned".
One repeated Carpathia's statement about how much healthier the press was now that the Global Community owned it and added that ownership of industry and commerce was not as necessary as ownership of the press, as long as it was Carpathia controlled and Global Community led.
Dreeson pitched in immediately, with a proposal to use the town's only bank -- 85% community owned, remember?