Student housing co-ops are formed of student members who democratically manage the property they live in. These homes offer lower rents and better quality accommodation than the private sector.
They are not for profit, communal and self-governing, with students pooling their money, time and labour to create a community style home where everyone collaborates for mutual benefit.
The rent students pay is only used to cover the upkeep of the house (lease, bills, repairs, etc.) and not for private gain. Any surplus is re-invested into the co-op in the way the members decide. Typically, the surplus can be used for improving energy efficiency, erecting greenhouses or converting parts of the building.
Living in a housing co-op also teaches young people how to manage properties, take care of their finances and work collaboratively. This builds confidence, instills important life skills and introduces the next generation to co-operative principles and practices.
If you are interested in starting a student housing co-op, fill in our online form here.