COMING TOGETHER TO ADDRESS COMMON ECONOMIC, SOCIAL AND CULTURAL NEEDS
Housing
Housing Co-operatives
Are affordable housing providers
In Australia and overseas, housing co-operatives have been effective financial managers of housing for decades because tenants have a sense of ownership and control in their management.
Provides decent homes for key workers and first time buyers
Housing co-operatives develop affordable housing to deliver new dwellings for key workers and other moderate income earners.
Pools people’s resources and build strong communities
The long-term involvement of tenants with their homes and their community is beneficial to people providing a sense of place and commitment. In addition, the skills developed in operating their own enterprise assist with confidence building that often leads to employment and a more varied income stream.
Put tenants in control of their homes
In addition to social benefits, housing co-operatives can deliver services effectively and efficiently while increasing consumer choice and control
Examples
Co-operation Housing
Co-operation Housing is a not-for-profit Australian public company established by the Federation of Housing Collectives (FOHCOL), with the aim of supporting and growing the housing co-operative sector in Western Australia. It is a registered community housing provider with the Western Australian Housing Authority, and the only registered community housing provider in Western Australia that specialises in housing co-operatives.
Year established: 2010
Type: Customer Owned
Industry: Housing
Common Equity Housing Limited (CEHL)
CEHL is Victoria’s largest Housing Association and is both a provider and developer of affordable housing. CEHL empowers people with co-operative housing models to build strong communities.
Year established: 1985
Type: Producer Owned
Industry: Housing
Common Equity NSW
Common Equity provides overall asset management of properties for housing co-operatives. It also provides training and resourcing for the co-operatives, negotiating and servicing of borrowings for growth, and is responsible for overall program administration and monitoring.
Year established: 1985
Type: Producer Owned
Industry: Housing