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Many cities are weathering the housing storm thanks to their nonprofit cooperative housing estates

Celebrating International Cooperatives Day

worldwide, 6 July 2024 | Published in Future of the EU & Housing

It is the first Saturday of July which for the Housing Europe team and network means it is the moment to cheer for International Cooperative Day and look at how housing coops cater to people.

“Those who live in a cooperative live well and safely - this should remain the case in the future and be possible for more people. […] The cooperative idea must be protected from dubious business models that take advantage of their good reputation,” Axel Gedaschko, President of German housing cooperatives, GdW reminds us.

Many cities are weathering the housing storm thanks to their nonprofit cooperative housing estates.

The Estonian Union of Housing Associations EKYL has been renovating former Soviet buildings at a fast pace thanks to green investment schemes coming in a form of a grant from KredEx.

Legacoop Abitanti in Italy is (re)connecting with the youth and communities through culture.

In one of Europe’s most expensive cities, Zurich, nonprofit Genossenschaften cooperative housing estates have been on average 15% cheaper than comparable rentals; and even cheaper than equivalent properties in housing-scarce areas.

Riksbyggen coops in Sweden are offering special schemes for young households allowing them to become homeowners after renting the apartments for 4 years.

This year, Co-operative Housing Ireland is celebrating 50 years of providing secure, high-quality housing and is one of the organisations that offers solutions to the enormous housing crisis in the country.

Almost a quarter of Norway’s population lives in co-operative or shared ownership housing. Co-operative Housing Federation of Norway, NBBL’s member is committing to renovating these post-WWII homes to help reduce their impact on the environment, increase cost efficiency, and improve the quality of the homes for the people who live there.