Co-ops the sure way for the poor to own homes - News Summed Up

Co-ops the sure way for the poor to own homes


Seventeen members of Undugu Society then formed Rehema Housing Society and affiliated themselves to Nachu, the housing co-operatives’ umbrella body that mobilises finances to help low-income earners own homes. Hers is not just a story of determination and resilience, but also that of the power of housing cooperatives in helping the poor own homes. Indeed, the United Nations acknowledges housing cooperatives as a flexible and adoptable means of providing shelter. With housing cooperatives in more than 60 countries, their contribution to the housing sector is enormous. And housing co-operatives in Sweden and Germany, contribute 22 per cent and eight per cent of the housing stock respectively.


Source: Daily Nation July 05, 2017 22:07 UTC



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