Hi @GMcGowan, I’m working on a bottom-up approach to changing UK housing—roostrent.com. Housing co-ops solve a lot of the problems of renting, but are hard to set up. We’re seeking to change that.
The aim is to create a million new housing co-operatives in 10 years.
I’m excited because this is a plausible way to generate large funds for housing reform, but also a large coalition of engaged supporters. In our model, homes are owned by a non-profit land trust and managed by the tenants themselves—all the surplus rent is reinvested or donated.
If streetvotes is passed, we will be able to help tenants organise for a streetvote. If it isn’t, we’ll be able to help them organise a Community Right To Build Order. The uplift in land value is largely captured by the non-profit.
Even if the subsequent plans fail, this creates a large supply of housing that is run in the best interests of the tenants and community, rather than landlords. Because the ‘housing crisis’ is almost entirely a ‘renting crisis’ - not being able to buy a home, and paying too much each month. If we can make co-op renting so good that people don’t need to buy a home, we can solve a lot of the problems with our housing market.
I’m drafting a post called “Set up a co-op to donate your rent”. I’d love to chat more.
Hi @GMcGowan, I’m working on a bottom-up approach to changing UK housing—roostrent.com. Housing co-ops solve a lot of the problems of renting, but are hard to set up. We’re seeking to change that.
The aim is to create a million new housing co-operatives in 10 years.
I’m excited because this is a plausible way to generate large funds for housing reform, but also a large coalition of engaged supporters. In our model, homes are owned by a non-profit land trust and managed by the tenants themselves—all the surplus rent is reinvested or donated.
If streetvotes is passed, we will be able to help tenants organise for a streetvote. If it isn’t, we’ll be able to help them organise a Community Right To Build Order. The uplift in land value is largely captured by the non-profit.
Even if the subsequent plans fail, this creates a large supply of housing that is run in the best interests of the tenants and community, rather than landlords. Because the ‘housing crisis’ is almost entirely a ‘renting crisis’ - not being able to buy a home, and paying too much each month. If we can make co-op renting so good that people don’t need to buy a home, we can solve a lot of the problems with our housing market.
I’m drafting a post called “Set up a co-op to donate your rent”. I’d love to chat more.