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 they live in without having to buy it.
Each resident is a shareholder of a housing cooperative. At New Barracks, residents can purchase a share for £1 in order to become a member.
Day to day management is carried out by an elected management committee, and all major financial decisions are put to a majority vote.
Each resident is a shareholder of a housing cooperative. At New Barracks, residents can purchase a share for £1 in order to become a member.
Day to day management is carried out by an elected management committee, and all major financial decisions are put to a majority vote.
Mission and Values
- To work together as a community
- To be environmentally sustainable through activities such as recycling.
