What is a Housing Coop

What is a co-operative?
A co-operative is an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly-owned and collectively controlled enterprise. Co-operatives are autonomous and
independent self-help organisations based on self-responsibility, equality, equity and solidarity between their members.

So… what’s a housing co-operative, then?

A housing co-operative empowers its members to meet their housing needs through such an enterprise. It is managed by its members – that is, its residents – only, who each have equal control. This means the absence of landlords; all the powers of decision on the house, the land, their use and maintenance lie in the
hands of they who inhabit, care for, and benefit from it.
Controlling one’s own housing provides a sense of security, autonomy and flexibility, and
allows for the sharing of skills, resources and work.