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£149,530 funding for co-operative housing in Wales (3 May 2017)
Date: 03/05/2017
The Welsh government has announced £149,530 in funding for the Wales Co-operative Centre, to support the Co-operative Housing in Wales project.
Communities and Children Secretary Carl Sargeant announced the new funding on Wednesday – the funding will pay for experts to work with local co-operative housing projects and help them with the range of support they need.
Co-operative housing is a model where groups of people collectively own and manage their accommodation, often with support from a registered social landlord.
The approach offers affordable housing in a climate where mortgages are difficult to obtain and house prices too high for many buyers.
The Welsh Assembly said that co-operative housing provided “another choice of housing” – and contributes to the Welsh government’s target of providing 20,000 affordable homes during this term of government.
The funding will help to scale up the project which has already helped to deliver 99 homes across Wales – and is supporting the delivery of a further 75 by developing expertise in different co-operative models and providing advice to developers and co-operative groups.
Carl Sargeant said:
“This funding will allow the Wales Co-operative Centre to build on the progress they have already made in supporting the development of housing co-operatives in Wales.
“It is just one of the innovative models of housing the Welsh government is supporting that will contribute to our ambitious target to deliver 20,000 additional affordable homes in Wales over this term of government.”
Chief Executive of the Wales Co-operative Centre, Derek Walker, added:
“The funding from the Welsh government is critical to building on the excellent progress that has already been made with co-operative housing here in Wales.
“It is clear to see that the people and communities across Wales have grasped with enthusiasm the opportunity for co-operative housing.”
During the annual TAI Conference held in Cardiff, the Wales Co-operative Centre also launched a Co-operative Housing Pilot Toolkit, developed with funding from the Welsh Government during the last financial year.
It is aimed at helping community groups, housing associations, co-ops, local authorities and others in the initial stages of considering how to develop new co-operative & community-led homes (CCLH).
The Co-operative Housing in Wales project has also published its new strategy “Building homes, creating communities, changing lives”, which outlines how the programme will continue to promote and support an increasing role for co-operative housing in meeting housing need in Wales.
Duncan Lewis Housing Solicitors
Duncan Lewis housing solicitors can advise on a wide range of housing law, including advising developers and self builders on planning permissions and planning appeals.
There are Duncan Lewis offices across England and Wales and our housing team is also able to advise on:
For expert legal advice on housing law, call Duncan Lewis housing solicitors on 0333 772 0409.