Funding the Cooperative City: Community Finance and the Economy of Civic Spaces

Cooperative City

Author +
Daniela Patti & Levente Polyák

Year: 2017

Funding the Cooperative City explores experiments in community-led urban development in European cities. Situated in the post-welfare transition of European societies within the context defined by austerity measures, unemployment, the financialisation of real estate stocks and the gradual withdrawal of public administrations from social services, this book aims at highlighting the importance of self-organised, locally rooted, inclusive and resilient community networks and civic spaces.

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In a journey from Lisbon, Madrid and Rome, via Liverpool, Rotterdam and Berlin, through Warsaw, Bratislava and Budapest, Funding the Cooperative City highlights different strategies of fundraising and investment; self-organisation, resistance and cooperation with institutions; and explores the ways citizen initiatives, cooperatives, non-profit companies, community land trusts, crowdfunding platforms, ethical banks and anti-speculation foundations step out of the regular dynamisms of real estate development and arrange new mechanisms to access, purchase, renovate or construct buildings for communities.

Through interviews and analyses, this book describes tendencies and contexts, and presents stories and models of community finance and civic economy. It offers a helpful set of resources not only for community organisations and initiators of civic spaces, but also for private developers, municipalities and EU institutions that are willing to support, facilitate or cooperate with them in order to create more resilient and inclusive local communities, facilities and services.

Table of Contents

Caught between the public and the private
From consensus to conflict and back
With capital against speculation
Foundations for affordable space
Regulating crowdfunding and crowdinvesting
Complementary currencies
Innovative funding and organisational models in the housing sector
Framing the Cooperative City