Housing cooperatives are more than an economic no-brainer. They offer our a communities a better future.
Article of Red Pepper, 14/12/2018
Joe Barson, December 2018
Read the complete document on: www.redpepper.org.uk
Housing cooperatives make economic sense. This benefit of cooperative housing is well documented. The research group Housing Futures, which will publish its recommendations on 8th December at an event in Manchester, emphasise how cooperatives can meet the affordability needs of low-income communities.
However, housing cooperatives also make social sense. While the models create economic savings, they play a role in developing cohesive and stable communities. Housing Futures allude to this on their website, referencing the notion of ‘affordability plus.’ Cooperatives enhance wellbeing, social networks and local democracy which improve the overall quality of residents’ lives.