- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 02 Feb 2018
A cooperative (or co-op), is a group of people who voluntarily join together in a jointly-owned and democratic enterprise with the aim of meeting their social and economic needs. A housing cooperative is a form of community-led housing that allows local communities play a central role in providing their own housing. By combining the resources of the members, their buying power can be leveraged, lowering the individual cost of the services and products relating to home ownership.
A housing cooperative is similar to a housing association, in that it is a legal entity which owns real estate, but differs in that it is managed by its tenants, either fully or the majority. Each member of the cooperative is granted the right to occupy one housing unit, acting as a share purchase in the legal entity.
The ethos behind housing cooperatives is that it enables members more control over their community housing and encourages greater cooperation with others.
Housing cooperatives are registered with the Registrar of Friendly Societies at the Financial Services Authority (FSA). A registered cooperative can lease or purchase real estate which is then rented out to the members. The members pay rent to the cooperative, which acts as their landlord.
Generally, housing cooperatives can be categorised as either non-ownership (non-equity) cooperatives, whereby occupancy agreements often grant occupancy rights, similar to a lease; or ownership (equity) cooperatives, whereby purchase agreements often grant occupancy rights.
 Related articles on Designing Buildings Wiki
Featured articles and news
The Isle of Man’s naturally-occurring materials and distinctive building techniques.
BRE partner with Global GreenTag to develop an Ethical Labour Sourcing Standard for Australia.
The Chartered Quality Institute explain the pathway to success for organisations implementing management systems.
An introductory article looking at where a duty of care can arise in the construction industry.
House of Lords committee encourages the use of off-site manufacturing in new report.
Computational fluid dynamics (CFD) can go some way to show the impact of new buildings on their surroundings.
The shortlist for the 2018 prize for the UK's best new building is revealed.
Amendment to Bill aims to provide councils with greater powers to increase tax premiums on empty homes.
As the latest summer blockbuster 'Skyscraper' is released, we look at some of the best uses of buildings in film.
Read our introductory article on how to layout a building.