Work is under way on what will be the first housing co-operative in Merseyside in more than a decade.
Housing association Riverside is building five three-bedroom houses on the site of Beacon House in Portland Place, Everton.
Once complete, the development will be sold to Langrove Community Housing Cooperative for social rent. The first residents are expected to move in at the end of November.
James Hill, Riverside’s director of property strategy, said: “This is a great example of partnership working. We had a site that had been vacant for a number of years and Langrove were looking to increase their housing portfolio. Together we came up with a solution that works for both of us.
“Co-operative housing is not only democratic but it also fosters greater community cohesion, creating happier and more sustainable neighbourhoods which people have a stake in.”
Paul Mangan, chairman of Langrove Community Housing Cooperative, said: “We are really excited to be able to provide homes for five families who have waited a long time for this.
“Co-ops benefits local people because it empowers residents to manage their own homes and take ownership of their own neighbourhoods. There are tough times ahead and housing co-ops are the way forward because they are self-sufficient.”