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CHIBAH Brighton & Hove Housing Conference 2012 Michael Creedy April 2012©

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Presentation on theme: "CHIBAH Brighton & Hove Housing Conference 2012 Michael Creedy April 2012©"— Presentation transcript:

1 CHIBAH Brighton & Hove Housing Conference 2012 Michael Creedy April 2012©

2 A society registered as an IPS with the FSA Controlled and managed by its members £1 share Non-equity sharing Not-for-profit: rents cover costs What is a housing co-op?

3 Benefits of co-operative housing  Sharing responsibility with others  Learning new skills  Sense of community  Being the landlord, getting the repairs done  Sharing expenses  Freedom to put pictures on the walls!  Shared values  Truly affordable rent

4 Industrial & Provident Society:  Ownership co-ops own the freehold  Self Help co-ops lease from owners  Tenant Managed Organisations take stock  Transfers from LAs or RPs

5 Governance: Registered Rules Fully Mutual status – all tenants must be members Democracy: First Co-operative Principle: one member, one vote Management: Monthly meetings for all aspects of housing management

6 Self help: 3 – 30Brighton Rock members Ownership 50 – 400 Two Piers / Coin Street Redditch Co-op Homes TMO transfer 1,100Burrowes Street Gateway 5,000Preston, Watford, etc. Around the world150,000Canada, Japan, Sweden

7 Brighton RockOut of Town DiggersRingo DryadRosa Bridge HedgehogSeesaw HornbeamStarlings KeepersTwo Piers LorganBug WoodwychAlternity Brighton RockOut of Town DiggersRingo DryadRosa Bridge HedgehogSeesaw HornbeamStarlings KeepersTwo Piers LorganBug WoodwychAlternity

8 The 19th Century philanthropist Robert Owen asked, “Is it not in the interest of the human race that every one should be so taught to promote the well-being, and happiness, of every man, woman, and child, without regard to their class, sect, party, country or colour?”

9 A bit of history West Street, Brighton! 1844 Rochdale Pioneers Chartist Co-operative Land Co. 1920s Co-partnership phase 1961Co-ownership phase 1974Co-operative phase

10 1979 Two Piers Housing Co-op landmark Public Inquiry Shared co-op housing permitted across the UK

11  Lack of sustainable finance  1980 Housing Act  1988 Housing Act  Lack of support structures  Undoing the Secondary Co-ops  Hindering quangos  Lack of political support  Public or private?

12 Consolidated PriceWaterhouse research (1995)  Co-ops offer lower rents  Fewer vacancies  Decent Homes Standard exceeded  97% repairs done on time  94% tenant satisfaction

13  “co-operative and mutual housing should be seen as an essential ingredient in local housing strategies”  “by 2030, each town, village and community should be able to offer co-operative and mutual housing options to potential residents”

14  New social housing to be funded from profits from rents at up to 80% Market Rent levels.  Many Housing Associations unable or unwilling to develop under this regime.

15 By 2030, each town, village and community could be able to offer co-operative and mutual housing:  Redditch Co-op Homes model  Starlings: Preston Barracks?  Self Help: £1 million EHCGP?  The “Warehouse” bank facility

16  Resilience  Partnerships  Donated or discounted land retained in community ownership  Founded in truly ethical principles  Hope in a challenging world


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