Build co-operative social housing that can’t be privatised

I will build publicly owned housing to be offered at a fair rent. These community housing cooperatives will be owned collectively by the people who live in them rather than the state, and will be exempt from right-to-buy and privatisation. People will have long term, secure tenancies, so they know their home is secure, unlike the private rented sector where they can be moved out with almost no notice.

Officers from the Mayor’s Authority will assist with management functions and common support systems, and profits from the rent will be used to pay for services the residents choose – whether communal gardens or youth workers. Managed cooperatives across the UK have the lowest level of rent arrears of any form of housing – below 1%. In Scandinavia, 15% of housing is cooperative.