Because a building cooperative is much more than a landlord.
Together we are a strong community, where people mean more than profit.About us
A building cooperative is a means of helping yourself to make a good, reasonably priced home.
These cooperatives build, finance and manage homes for their members. The key feature of a building cooperative is its democratic structure, which is based on self-reliance and taking responsibility. What does that mean in practice? No profits are skimmed off: all surpluses go back into building homes. The stated aim of any building cooperative is to provide good homes for its members on an ongoing basis.
Building cooperatives began with the industrial revolution and the associated housing shortages. The first building cooperatives in Germany emerged around 1860 and now occupy an important place in the countries residential construction sector. A law allowing liability to be limited was introduced in 1889, and this greatly reduced the risk to members.
Braunschweiger Baugenossenschaft (BBG) was established in 1887, which makes it one of the German oldest building cooperatives. Since then, BBG has built some 8,500 homes; its 21,300 members make it one of the regions largest. BBG has close ties to the City of Braunschweig and deep roots in its districts. It is especially keen to promote lively, neighbourly interactions between members through special events, member excursions, bonus offers and exclusive campaigns for tenants and members. Our cooperative philosophy lives on because BBG is much more than a landlord. Together we are a strong community, where people mean more than profit.