Hera.coop is a cooperative housing development in Carvalhido, Porto, and Mome’s second project of this type. The plan described by Diário de Notícias comprises 96 apartments—lofts, T2 and T3 units—with an investment of €32 million. 2
Mome, a brand of SGCH, is responsible for developing and managing the project. Its role includes identifying land, selecting the design team, negotiating construction and financing, and organising the cooperative and its subscriptions. Francisco Rocha Antunes is identified in the article as Mome’s chief executive; it does not state when Mome was founded. 2
The cooperative model is intended to deliver housing at cost price. Prospective residents join the project’s cooperative rather than buying into it as investors; the article says the project’s prices had not yet been finalised when it was reported. 2
At the time of the article, construction was expected to start in the second quarter of 2024, with licensing described as being at an advanced stage. Mome planned to use hybrid construction, carrying out a substantial part of the work off-site, and said concrete would be used only where necessary, with the objective of a carbon-neutral building. 2
Hera.coop forms part of Mome’s broader activity in the Porto region. The company’s stated plans included extending its cooperative projects to other municipalities in Greater Porto and building 1,500 homes there over five years. 2