Coed Talylan Housing Co-operative (CTHC) is a co-operative society of the Home Members of CTLT. Through a management agreement the CTHC assumes responsibility of the areas of the land that are associated with the OPD plots. This amounts to around 20 acres and includes shared infrastructure and service media.
The Home Members that control the CTHC are tenants with an occupancy agreement that determines an equity share or stake related to their household plot. This occupancy agreement allows the residents to own the equity (value) in their home but the asset itself is owned in common through the CTLT.
The value of the property will be determined independently and the share or stake in that value will include; the initial financial equity payment; the cost of building the property including labour and/or “sweat equity”; it will also allow for a calculation, overtime, of the value uplift of the property, inflation and other relevant indices.
The Home Members are responsible for the management and maintenance of their property and, as part of the CTHC, to collectively manage their shared resources and communal assets.