The Welsh Government has awarded £149,530 to the Wales Co-operative Centre to support the Co-operative Housing in Wales project, Communities and Children Secretary Carl Sargeant announced today.
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 get and house prices too high for many buyers.
Co-operative Housing provides 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.
The Cabinet Secretary 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.”