Glenkerry House

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Glenkerry House is a housing block on the Brownfield Estate in Poplar, London designed by the studio of the controversial Brutalist architect Ern? Goldfinger. 14 storeys high, it stands in proximity to and complements the appearance of Balfron Tower and Carradale House, which were designed by Goldfinger himself and are now Grade II listed. There are four four-bedroom maisonettes on the ground floor, 18 one-bedroom, 45 two-bedroom and 12 three-bedroom flats; 79 flats in all.<ref name=common/>

Its design and construction have proved to be of better quality than many other post-war high-rise blocks.<ref name=common>Common Ground for Mutual Home Ownership, New Economics Foundation 2003, pp 21, 25 </ref>

Since 1979 it has been run as a self-managed co-operative housing association and registered social landlord (RSL). Glenkerry Co-operative Housing Association (GCHA/GK) bought a 99-year lease from the Greater London Secondary Housing Association, partly funded by grants from the Housing Corporation and the Greater London Council, and raised about a third of the cost from sales to residents (members). The GLC also provided a loan for the remainder of the cost, which has now been repaid.<ref name=common/>

The freehold is now owned by the London Borough of Tower Hamlets. Members buy and sell the leaseholds of their homes at half the valuation, as assessed by the District Valuer.<ref name=common/>

The building is managed by a committee of its members, and research on housing co-ops in 1983 concluded that it was exceptionally well-run. Because this form of co-operative ownership does not allow the residents to increase their share and become full owner-occupiers, the Conservative government of the day did not give support to the model.<ref name=common/><ref name=clt/> Nevertheless, it is now widely regarded as a model for home ownership co-operatives,<ref name=clt>Community Land Trusts & Mutual Housing Models, Greater London Authority 2004, pp14, 23, 24.</ref> as it provides equity stakes that allow members to benefit from gains in the housing market, while locking in the subsidy so that the homes remain affordable to new members.<ref name=common/>

References

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External links

See also

  • Balfron Tower
  • Housing cooperative

Template:Housing associations in London