|Long term renting possibilities at Lancaster cohousing||<– Date –> <– Thread –>|
|From: Fiona Frank (fionafrankgmail.com)|
|Date: Fri, 30 Apr 2021 23:39:20 -0700 (PDT)|
Hi cohousing peeps I’m very proud to say that at Lancaster Cohousing in the north west of the U.K. a group of members has just lent some money to the cohousing company which has used it to buy a flat which was being sold by a member . We will be renting it on a long term basis and have established a set of criteria for choosing a tenant, and a small group who are managing the process. It started with an idea about three years ago - marrying two problems - people with some savings looking for local ethical ways to invest, and our community wanting more young energetic members who weren’t in a position to buy. Up till now we have had renters but they have only been able to stay short term depending on individual members moving out and renting their homes short term till they were sold . At the same time, my mum died and left me some money and I used some of it to buy another ground floor one bed flat - with the idea that I might down size into it from my 2 bed house when I’m older.. in the meantime it’s on a long term rental to a resident who had already moved twice within the community to be able to stay here. And in unrelated incidents, one couple have just moved within the community and are renting their former house out on a long term basis to a current member family - that family has rented a small flat here for three years but have had a baby so need more space ... and another couple who’s lived here tor 3 years have bought a second house here as a long term investment, with a mortgage, and will be renting it out long term. So from the position of only having occasional randomly available short term rentals - which have brought us fab young energetic members over the years - singles, couples and families - we’re now in a position to offer four long term rentals. It’s all brand new and we don’t know what the turnover will be - presumably very slow ! But still very exciting . And a great way for people with money to invest, to think about how to use your money to make real change in your own neighbourhood, rather than buying shares in faceless non ecological companies or keeping it in banks who don’t tell you what they invest in. Obviously the flat purchase was a long and difficult journey taking many GMs and lots of discussion, community conversations, arguments and tears. And at tenant choice time there’ll always be dissent I’m imagining . We only completed the purchase at the end of March this year. But it’s an exciting and I think quite revolutionary development within a cohousing project which didn’t include rentals or ‘affordable’ options in the initial build. Best wishes Fiona at Lancaster cohousing U.K.
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