29th May 2017
Morganstone held an over-subscribed Meet the Buyer event at Swansea’s Village Hotel in April. The...Read more
The scheme situated off Bro Myrddin, Carmarthen is designed by Rio Architects and is a partnership between housing provider Gwalia part of the Pobl Group, Carmarthenshire County Council, Wales Co-operative Centre and Morganstone Ltd.
The co-operative housing project is the first of its kind in Carmarthenshire, and one of only three being piloted in Wales. It will feature 27 homes consisting of two, three, and four bedroom house types. Members of the co-op will manage the homes democratically, encouraging increased levels of satisfaction from doing so. Co-op members will also decide how any surpluses made will be used to improve the community. A number of residents will be elected to sit on the board, and they will be responsible for making the key management decisions.
Since September 2014 residents who will be living in the new development have been attending fortnightly housing management sessions run by Gwalia and the Wales Co-operative Centre to ensure that they have the skills necessary to actively participate in the management of the co-operative. Morganstone have attended a number of these sessions and will continue to do so throughout the project.
Construction commenced in September 2015 with Completion in December 2016.