Picture by See-ming Lee

The advantages of Housing Co-operatives

People set up housing co-operatives for a variety of reasons, which can include the following:

  • Often the interested parties have relatively low incomes and are unable to afford a decent secure home without joining with others to pool resources and commitment.
  • Housing co-ops give members the opportunity of using skills which would otherwise go to waste. Moreover, they create opportunities for people to develop new skills which are useful in other walks of life.
  • They also reduce dependency and give people a stake in where they live.
  • Housing co-ops often incentivise members to pool resources and organise other services in demand by its members, such as child care and social activities.
  • Finally, any surpluses made by the co-operative can be used by the co-op to improve the co-op's housing; nothing goes to waste.

Examples

Shared Condominium

Author: alessandra sciurba - Published At: 2013-04-26 12:58 -

Confabitare, an association of residents of condominiums, owners or tenants, organised within a single project of two actions: 1 - Organisation within the condominium of a shared food expenditure through a condominium purchasing group. 2 - Sharing of caring needs for the elderly through a shared "care worker" of the condominium.

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Links and other sources

  • Interested in setting up your own housing co-operative? If so, see here.