Welsh Government Announces £1.9m for Co-operative Housing

This article was published on August 12, 2013 by the InsideHousing.co.uk revealing the announcement of Welsh housing minister to fund co-operative housing.

The Welsh housing minister announced £1.9 million funding for three pioneer co-operative housing schemes.

The pilots in Newport, Cardiff and Carmarthenshire will receive funding to deliver 58 new co-operative houses.

There are further plans in the pipeline to deliver 400 co-operative homes in Wales, the minister said.

Carl Sargeant said: ‘This is a welcome step forward in delivering on the Welsh Government‘s commitment to develop new ways of providing housing through initiatives such as co-operatives.

‘Research by the Chartered Institute of Housing shows that households who are currently priced out of the owner-occupied sector but whose needs are not so great that they can access social housing, are keen to explore the co-operative housing model.’

Dave Palmer, co-operative housing project manager at the Wales Co-operative Centre said: ‘The capital funding announced today will assist in the building of these homes and in demonstrating that co-operative housing can offer a viable alternative housing option in Wales.’

Seren Group will receive funding of £650,000 for 20 co-operative homes in Newport within a mixed tenure development on the Pirelli site.

Carmenthenshire Council will receive funding of £851,150 for 28 co-operative homes to be developed by the Council in partnership with Family Housing Association as part of the Gwynfryn site housing development.

Cadwyn Housing Association will receive funding of £408,000 to deliver a further 10 co-operative rental properties within the Ely Farm housing development. The site plan already includes 31 homes for social rent.

Article Source:  http://www.insidehousing.co.uk/development/welsh-government-announces-%C2%A319m-for-co-operative-housing/6528122.article