What is a housing co-operative?
A housing co-operative is a group of people who manage and control the housing in which they live. They are registered as not-for-profit organizations with the Financial Conduct Authority, enabling them to apply for mortgages and purchase property.
How does it work?
Housing co-operatives make property affordable long-term because they are financed in part by loan stock. Loan stock is a term used for money invested in a co-operative by external parties. One of the advantages of loan stock is that it is a direct agreement between the co-op and the investor, so the full amount goes directly to the co-op, rather than to a bank or any other intermediary services. Housing co-operatives opporate with the support of organizations such as Catalyst Collective, Radical Routes, and Wales Co-operative Centre.
Invest in us!
There are a number of reasons to invest in Tir Cyffredin Housing Co-operative, including to help to provide safe, secure, eco-friendly housing for people in rural Wales. We also have an agreement to ensure the premises are available for the El Sueño Existe festival to run for at least the next six years as it has in the past.
Tir Cyffredin is offering loan stock for the purchase of Bryn Tyrnol, the house we are currently renting. We offer an ethical, sustainable investment opportunity with favourable interest rates and flexible terms. Click invest, to find out more.