Housing Co-ops
Why pay rent into a landlord's pocket when you can have rented housing controlled by tenants?
With the legal structure of a housing co-operative people on low incomes can collectively borrow money and raise mortgages which would be beyond their reach as individuals. In setting up housing co-operatives we empower ourselves by taking control over one of the most fundamental aspects of our lives and in the process we transfer property from private ownership to common ownership. Housing becomes a resource not a commercial commodity.
With fully mutual par value co-operatives [everyone owns an equal value share in the venture, usually a nominal £1] the ownership of houses and land cannot be divided among individual members. The property remains in common ownership from generation to generation and if the cooperative is dissolved its assets cannot be pocketed by individuals. They must be passed to another co-operative or to a not for profit organisation with similar aims and principles.
Want to be a member?
Anyone into putting the necessary effort in is welcome to contact us