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t: 0800 085 7843 / 01685 727786
Michael Owen Chief Executive
Merthyr Valleys Homes
t: 0800 085 7843 / 01685 727786
• Birmingham Co-operative Housing Services
• Bottom up mutual at Merthyr Valleys Homes
• Top down mutual at Taf Fechan Co-operative
t: 0800 085 7843 / 01685 727786
Director of BCHS - 1987• Fully mutual coops –
20/20 New Decade Triangle Victoria Paddock
• TMOs - Wolverhampton Walsall
• Supporting involvement across the Midlands
t: 0800 085 7843 / 01685 727786
That Mrs. Thatcher!• Section 16 Grants• Development allowances for Co-ops• 100% SHG• Fair Rents & 100% benefit
t: 0800 085 7843 / 01685 727786
Building Our Mutual• MVH is traditional LSVT• 4300 Homes• History of tenants, Board and staff working together• Planning to spend £800m in Merthyr in next 30 years
t: 0800 085 7843 / 01685 727786
Building Our Mutual• Planning to be the first
tenant and employee mutual in Wales
• Long history of collectivism
• A chance to give power back
t: 0800 085 7843 / 01685 727786
Building Our Mutual• Commission established with independent Chair• Invited tenants • Employee election• Trade Union invited• Board invited
t: 0800 085 7843 / 01685 727786
Building Our Mutual• Advice from Mutuo• Visits to Rochdale• Each major issue
voted on• Rules approved by
Board in June • SGM meeting in
Nov
t: 0800 085 7843 / 01685 727786
Building Our Mutual• Democratic Body
• 8 Tenants• 8 Employees• 2 Councillors• 1 Independent
• Board of 8 Non Executive
Directors
t: 0800 085 7843 / 01685 727786
Why a housing co-op?• No scope/demand to
social rent as flats• No opportunity for
private sale• We needed a focus for
inward investment into local area
MVH MTCBC
JVC
Taf Fechan Co-op
Provides properties and guarantees loan
Provides loan facility from PLWB
Pays leasehold charge to the JVC
Pays the annual return to MTCBC against cost of borrowing
t: 0800 085 7843 / 01685 727786
• Part of the Council’s Vibrant Communities Programme and on lending by the Council
• External improvements now complete
• Recruitment of new co-operators started.
Finally we have lift off
t: 0800 085 7843 / 01685 727786
Michael Owen Chief Executive
Merthyr Valleys Homes
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