SHAC is a project aimed at providing student run affordable student housing. Our pilot proposal is the conversion of 272-8 Faraday Street, Carlton, into a student managed housing co-operative. SHAC arose in response to the current housing crisis which has seen a decline in the quantity of affordable student housing combined with an increase in rental costs. Recognising that the University is increasingly worried about the plight of local and international students concerning both financial viability and the housing crisis, SHAC sees itself as one of numerous possible responses by providing dynamic and equitable student housing. The strength of the SHAC process is that it provides a model for active local and international student participation in the search for solutions around affordable student housing. In line with the spirit of cooperatives, the values guiding SHAC are individual responsibility, mutual help, democracy, equality, equity, and solidarity.