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Welcoming the new Co-operative housing proposals

Monday, February 9, 2009

Meg Munn gives her support to the Co-operative Party’s new policy document that could make a new form of home ownership available to thousands of people.


"New Foundations unlocking the potential for affordable homes”, has been written by the Executive Director of CDS Co-operatives, David Rodgers. It proposes using Community Land Trusts to create permanently affordable intermediate market homes as a way of overcoming the problems of the credit crunch. This model separates the cost of land from the purchase price of property, ensuring affordability through flexible monthly payments that are based on an agreed percentage of income.


Meg said:


“These are difficult economic times which put a huge strain on the housing market. We need a fresh approach to housing to tackle the challenges for affordable housing. This report clearly outlines this fresh approach - solutions can be based on co-operative principles and it is a report which I fully support.”


Co-operative Party General Secretary Michael Stephenson said:


“In the current economic climate, there has never been a time in which co-operative and mutual values are more important.  This publication sets out how Community Land Trusts can be used to develop an exciting new form of mutual home ownership exactly the sort of thinking that puts co-operative values at the heart of policy.


“The Co-operative Party will be running a campaign on this approach over the coming months because we believe the credit crunch has made the supply of affordable housing one of the most important issues of social justice for our times.”


For more information visit www.party.coop

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