Correlation of Housing Savings Cooperatives with Cooperative Legislation, Cooperative Principles and Ideology

Abstract

AbstractThe purpose of the research is to identify the compliance of the activities of housing savings cooperatives with cooperative and civil legislation, cooperative principles and the ideology of the cooperative movement. The work analyses the effectiveness of consumer cooperatives in the field of housing construction and the elimination of housing shortages in the real estate market. Using a wide range of research methods: comparative, logical, specifically historical, statistical, formal-legal and others, the role and significance of the self-organization of citizens in the form of cooperatives in solving the housing issue in the past and present is analyzed. The work concludes that there is increased control by the state over the cash flows of the shareholders of the cooperative, as well as that the cooperative principles are nevertheless not respected and many housing and savings cooperatives created do not meet the criteria of the consumer cooperative, since, often, formally hiding behind the goal of meeting their own housing needs, the organizers of HSCs pursue the goal of profit. Nevertheless, given the importance of the housing issue and the effectiveness of its resolution by existing and existing cooperative organizations, it is necessary to recognize the importance of the cooperative movement in the housing sector of the economy. Since even cooperatives created for profit and thereby violating the principles and ideology of the cooperative movement, as well as civil legislation, significantly improve the housing and, in parallel, the socio-economic situation in our country. In this regard, recommendations are made to classify HSCs as commercial organizations.KeywordsHousing and savings cooperativeConsumer cooperationNon-profit legal entitiesCooperative movementCooperative ideologyHousing issueCitizens self-organizationJEL CodeK2D6