Housing: Cooperatives
(asked on 26th April 2016) - View Source
Question to the Department for Levelling Up, Housing & Communities:
To ask Her Majesty’s Government what plans they have to boost the co-operative housing sector in England.
Answered by
Baroness Williams of Trafford
Captain of the Honourable Corps of Gentlemen-at-Arms (HM Household) (Chief Whip, House of Lords)
This question was answered on 11th May 2016
We recognise the significant role Housing Co-Operatives can play in delivering locally led housing development. The Government continues to be supportive of Housing Co-Operatives, because we want to see communities more in control of decisions that affect them. The March Budget confirmed £60 million a year from additional receipts from higher stamp duty rates on additional residential properties will be redirected into rural and coastal areas for community supported housing.