PEOPLE MEETING COMMON ECONOMIC, SOCIAL AND CULTURAL NEEDS TOGETHER

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

Develop affordable housing to deliver new dwellings for key workers and other moderate income earners

Is a model of housing that pools people’s resources and builds 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.

Puts 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

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.