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
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