WHAT IS A HOUSING CO-OPERATIVE?


A group of people (usually tenants) who manage and control the homes they live in.


ARE HOUSING CO-OPERATIVES SIMILAR TO A HOUSING ASSOCIATION? YES.....

A Housing Co-op is a registered Social Landlord. It provides homes for people in housing need.

WHAT ARE THE DIFFERENCES AND RESPONSIBILITIES OF CO-OP MEMBERS

You have a say and control over the services you receive. Have you ever thought of how much it would cost for repairs if you were paying for them? With Housing
Co-operatives, this is all covered through your rent!

A Co-op is different from a Housing Association / Council in that most of the work of
 running the co-op is done by the tenants.

Before moving into a Co-op property, prospective tenants must buy a £1.00 equal share in the Co-op giving them the right to vote at meetings, to decide what sort of service should be provided and the right to be involved in decision making. Members should take on responsibility for the running of the Co-op.

Co-op members are encouraged to be actively involved in creating a safe and sustainable community. Social events, activities and get togethers are often organised for members.

Co-op members will be given training and support to help them with the day-to-day
running of the Co-op.

IN SUMMARY- BEFORE APPLYING FOR CO-OPERATIVE HOUSING APPLICANTS
MUST:


Be prepared to attend an information session about Housing Co-ops.

Be prepared to do some voluntary work for the Co-op. A Co-op cannot run efficiently and may not survive without members putting some effort into it.

Be prepared to learn how Co-ops work by talking to members and by attending training.

Be prepared to share responsibilities and decision making at Committee and General meetings.
Most important of all:
ATTEND THE MEETINGS THAT YOUR CO-OP HOLDS.

If you are not prepared to be involved in any of the above, do not apply for
Co-operative Housing

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