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David Wetherow Housing Co Operative Form

David Wetherow Housing Co Operative Form

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in the uk when we think of how we pay for our homes we think of three options one private ownership which is what lots of people aim for but requires lots of money up front a steady job and usually means taking on a big debt two private rental which can be great but many people experience poor quality homes with insecure tenancies and variable rents and three social rental available to people on lower incomes or with specific needs but it can be hard to access and there are long waiting lists but what if there was another option that combined the best aspects of all three well this is where housing cooperatives or co-ops come in put simply a co-op is a group of people coming together to access levels of finance that they wouldn't have been able to access on their own allowing the co-op to buy a building or build from scratch often in areas that would otherwise be unaffordable members pay a type of rent to the co-op and in return have a home for life or as long as they choose to

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