Modified Mutual Housing Association

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"Professor Michael Stone at the University of Massachusetts has come up with an even more interesting version of De-commmodified Property which can also sit on CLT land. In Stone’s "resident-saver" or "modified mutual housing association" (MMHA) model, residents cover the costs of the MMHA and make regular deposits analogous to affordable mortgage repayments. These go into an associated ethical investment vehicle instead of to an individual mortgage. At the time of sale, the return to the seller is the return on that ethical investment. This completely unhinges wealth creation from any idea of property value, tying wealth creation instead to investment in social innovation. When combined with the CLT board structure, the MMHA creates an urban multi-scaled decision-making body underpinning de-commodified property in association with social investment." (