Housing co-ops looking to address affordable housing crisis in Australia

Around 2,500 co-op housing properties have been developed in Victoria state, where social housing represents only 3% of all housing. By contrast, the national average is 5% – while in the UK, social housing accounts for 17% of all households. The lack of affordable housing has resulted in homelessness and unsanitary living conditions.

“We’ve got a great opportunity to articulate the benefit of co-op housing and some solutions to the housing crisis we face,” says Stephen Nash, managing director of Common Equity Housing Limited (CEHL), whose 2,200 properties across Victoria provide housing to 4,000 people. The company is owned by 114 co-ops and registered as a housing association.

Read the full article at Co-operative News

 

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