Housing co-operatives explained…
The best thing since sliced bread.
People over profit
Student housing cooperatives offer an escape from a housing market monopolised by exploitative landlords and poorly maintained, overpriced student homes. A housing co-op celebrates people over profit.
Joining a housing coop means you become your own landlord.
Each co-operative members’ rent is at or below market rent and goes towards paying the mortgage and maintaining the building.
Members have the chance to learn new skills and live in a supportive community. You own it! Sharing ownership of the house means every co-op member can have a collaborative input though regular meetings. The house can grow and evolve alongside its members to provide dynamic spaces.
What all cooperatives have in common is a set of shared principles and values:
I. Voluntary and Open Membership
Cooperatives are voluntary organisations, open to all that are willing to accept the responsibilities of membership without discrimination.
II. Democratic Member Control
Decisions are made by consensus – every member has a vote and an equal say in how they are run.
III. Member Economic Participation
Every member contributes in some way and chooses in how resources are used and profits are distributed.
IV. Autonomy and Independence
A co-operative is an independent entity, owned and controlled by its members. Able to conduct business freely according to its aims and principles.
V. Education, Training and Information
Cooperatives provide education and training to everyone involved, so they can contribute to running and development of the cooperative.
VI. Co-operation among Cooperatives
Co-operatives work with other co-operatives to establish a support network and strengthen the Cooperative movement.
VII. Concern for Community
Cooperatives engage with, and aspire for the sustainable development of their communities. They often create spaces for diverse people to gather and create together.