Creating Community-Led and Self-Build Homes. Field, Martin

co-op members, elected representatives, managers and employees).

      6Co-operation among co-operatives (working together through local, national, regional and international structures).

      7Concern for community (working for the sustainable development of their local communities).

      Recent context (co-ops and TMOs)

      The evident appeal of co-operative and other tenant management arrangements lies in the direct control over the stock that is available to their members, and in controlling the terms on which accommodation is provided. Tenancies established years ago under co-op agreement and development remain amongst the lowest-cost tenancies in the UK’s housing sector.

      Where the historic formal incorporation of housing co-operatives used to be as an industrial and provident society, registered with the Registrar of Friendly Societies, modern registration is operated through the Financial Conduct Authority (FCA) under the requirements of the Co-operative and Community Benefit Societies Act 2014. New bodies can register either as a ‘co-operative’ (principally for the benefit of its members) or as a ‘community benefit society’ (run primarily for the benefit of the community at large but functioning along classic co-operative lines).³