- 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.
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.
 Find out more
 Related articles on Designing Buildings Wiki
Featured articles and news
Eight forms of resource optimisation.
CIOB responds to Chancellor Sunak's announcement on jobs and the economy.
Revised guide to competition rules available.
Brick slip soffit systems and intricate brick features.
An innovative engineering approach could have had tragic consequence for NYC.
Some secrets behind how canals work.
Breaking down possible steps of pre-contract management.
ICE event includes comments from Welsh Government Minister Julie James.
How to write them and what they should include.
Designing Buildings Wiki becomes the world's first website to adopt the new knowledge standard.
Assessing the most beneficial design elements.
Exploring different types of vinyl flooring.