What is a Housing Cooperative?
A housing cooperative is a “non hierarchical property management company”. It's an organisation which lets people work together to manage the accommodation and location they live in without having to buy it.
Each resident is a shareholder of a housing cooperative. At The New Barracks, residents purchase a share for £1 in order to become a member.
The day to day management of the Co operative is carried out by an elected management committee, and all major financial decisions and policy changes are put to a vote at a General Meeting of the tenants.
Each resident is a shareholder of a housing cooperative. At The New Barracks, residents purchase a share for £1 in order to become a member.
The day to day management of the Co operative is carried out by an elected management committee, and all major financial decisions and policy changes are put to a vote at a General Meeting of the tenants.
Mission and Values
- To work together as a community
- To be environmentally sustainable through activities such as recycling.
