Loftus Village Association – Co-operative Housing 2016
Providing greener, cleaner, leaner living in a garden village environment
Meeting the need
LVA was developed to offer an alternative to traditional shared ownership schemes, with a focus on a community-led approach. Shared ownership helps people who want to buy a home but cannot afford it on the open market.
Members are able to advance to full ownership at any time. The overall development was funded through the Pobl Group, who were in receipt of a Social Housing Grant.
Residents manage the scheme democratically and have a management agreement with Pobl to manage some housing services, including collecting rents on shared ownership, resales and assignments.
Members were recruited a year before moving in and worked together to share the co-operative. Residents have formed a close bond, helping and advising each other.
Members of the LVA have a collective commitment and passion for creating a caring and trusting community, often organising community events for the 19 co-operative homes and the surrounding community.
They are looking to implement the Confederation of Co-Operative Housing Code of Good Governance and have made links with other co-operative schemes to support each other and share experiences.
Loftus Village consists of:
- 19 New Build Homes
- Two x 1 bedroom
- Five x 2 bedrooms
- Ten x 3 bedroom
- Two x 4 bedrooms