Cadwyn co op presentation 25.07.15 (1)
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Cadwyn co op presentation 25.07.15 (1)
- 1. Home Farm Village Housing Co-operative
- 2. Cadwyn is a Cardiff based Registered Social Landlord Home Farm Village is our first co-operative We manage a further 700 properties We own and manage 1,300 social housing properties including supported housing
- 3. Why did we get involved? Cohousing group Welsh Government Co-operative principles Diversification
- 5. Site design Lower density scheme More green spaces High specification on materials Choice in decoration and kitchens
- 12. Members 41 households 18 month training programme Board elected in early 2015 Allocations in early 2014
- 13. Partnerships
- 14. What’s next? Occupancy in August 2015 On-going support to Home Farm Village Develop our next housing co-operative Future for housing co-ops in Wales? Sign the lease
- 15. Quote from co-op member: ‘We are excited about being part of the first leasehold co-op in Wales. We believe that the co- op will give us the community and security of having a home that we lack at the moment in our privately let property’ – Roger
Editor's Notes
- Bore da; good morning Richard Vaughan, Cadwyn Housing Association Cadwyn is a Registered Social Landlord based in Cardiff I’m going to tell you about one of our projects, a leasehold housing co-op that Cadwyn has ben involved in developing over the past couple of years. The first co-op we have been involved in – why?! I think it’s fair to say that three years ago hardly anyone in the organisation knew what a housing co-op was bar a couple of people who had been involved in Tenant Management Co-ops in the 80s Why did we get involved? Three main reasons We were approached by a cohousing group who we worked with for a year or so and even though this didn’t progress we had learnt enough about housing co-ops to want to carry on Housing co-ops were being encouraged by WG through the then Housing Minister, Huw Lewis Co-op principles tie in with our organisational values of empowering tenants, equality and concern for the community as well as our value of innovation. As well as this we are an organisation with diverse services and this was another opportunity to try something new that had future potential for the social housing sector.
- Situated in the west of Cardiff, 2 miles from the city centre, HFV will provide 41 homes – a mix of 1 and 2 bedroom flats and 2 and 3 bedroom houses
- Even though the members got involved at a stage where the design was complete the cohousing group had had some input and we were able to offer the existing members a choice in decoration, front doors and kitchens which is something we can’t usually do for social housing.
- With advice from CCH we considered several models and visited other co-ops to see what they did Initially we decided on a TMC but we wanted to go that step further and Eventually we settled on a leasehold model 7 year rolling lease Lease states a fixed % of collectable rent the co-op will pay Cadwyn each month If managed effectively the co-op will grow a surplus steadily over time We have forecast that our loan will pay earlier than what is usual meaning that this will free up capital to build additional homes in the future.
- We know that the co-op will only be successful with commitment from the members Intensive 18 month training programme delivered by our Co-op Co-ordinator – Ben Hodge - who is here today. The Board have also had specific training over the last few months to develop their Governance skills The majority of allocations were completed early on as due to the length of the training programme we wanted to show the members that it was a reality and also to gain their commitment to the attending the training programme It’s a social housing site so we shortlisted from the local joint waiting list run by Cardiff Council We worked closely with the local authority on this so that they understood how the co-op will operate and why we had to allocate much earlier on than is usual We allocated to households on the general and transfer waiting lists initially and the last few allocations were from the under-occupancy and homeless lists Transfers will free up at least 13 social housing properties and 9 privately rented properties as well as addressing overcrowding in 5 households (update these nearer the time) Nearly all of the members from the Ely area – so they will still be near their families and local connections, such as schools, GPs, work, etc
- When I was preparing this slide it felt like I was writing a thank you list for a speech at the Oscars because of level of practical support we’ve had for this project But it’s worth mentioning how we have worked all worked in partnership Welsh Government: site – lease, then the option to purchase the freehold for £1 on practical completion latest Housing Bill – allows fully mutual housing co-operatives to grant assured tenancies; funding for the development and the Co-operative Housing Project on-going support and promotion Wales Co-operative Centre arranging access to expertise through the Co-operative Housing Project market research in 2013 – four of the existing members took part in this and formed the early group of members CCH Advice co-op visits training programme Lease Nic Bliss – key in the early stages when we were still learning
- The tenants will be moving in over the next few weeks Launch event in September We’ll provide support to the co-op’s officers if it’s required And we’ll monitor progress as we, rather than the co-op, will be regulated for these properties. Beechley Drive – a mix of retail and residential units. Tenants will have the grounds maintenance budget to manage initially and if they want to they will be given additional responsibilities over time. Housing co-operatives are something that we will consider for other developments and some of our existing properties Future of housing co-ops in Wales is positive because more people are becoming aware of them and the number of different models means that there is something for everyone with an interest in living in a co-op.