Context
The MP references Redwood Housing Co-operative, a five-floor social housing development in central London known for its tenant-run management and low rents.
Question
Redwood Housing Co-operative spans five floors of social housing in the iconic OXO Tower on the south bank of the River Thames. Given that Redwood is run by its tenants, charges some of the lowest rents in central London and offers some of the best views, should not every community have a Redwood?
Answer from The Minister for Housing and Planning (Matthew Pennycook)
My hon. Friend has long championed co-operatives, and I recognise his commitment to expanding co-ops in London and across the country. With that example, he draws our attention to the benefits that they can provide. We are considering opportunities to legislate to establish a legal framework for a co-operative housing tenure, which would help formalise the rights and responsibilities of both co-operatives and their tenants, and make co-operative housing a more attractive option.
Not addressed: Did not directly commit to expanding similar models but indicated ongoing consideration of legislative support for co-op housing tenure.
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