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Among the total 116 new homes on Regent's Park Estate (counting both "replacement" and "new" homes), 84 will be for social rent, 34 "intermediate" (London Affordable Rent or London Living Rent), and 10 will be market rate homes. [5] The estate is served by two state primary schools adjoining the estate: Netley Primary School and Christ Church ...
Another form of Intermediate Rent is known as "Rent to HomeBuy". [4] This is where an applicant will be able to live in a property at a discounted rent for a period of three to five years at a subsidised rent, whilst keeping an option to purchase a percentage of the property at any point during the tenancy (typically 25%).
In 1909, Sutton Dwellings Trust's first new homes were completed at the Bethnal Green Estate in East London and by 1925 the Trust had developed almost 2,000 homes across six sites, including the Chelsea Estate in South West London. In 1939, at the outbreak of the Second World War, the Trust housed over 32,000 people.
It is one in a string of Government housing announcements this week. Home & Garden. Lighter Side
The HCA implemented a new government policy of "affordable rents" for its 2011–15 funding round, requiring associations to set rents at up to 80% of market rents so that less up-front capital subsidy would be required. In September 2013, a group of London boroughs initiated a judicial review to challenge this policy. [13]
The demand for more affordable housing has often been higher in London than in the rest of the UK. [43] Research from Trust for London found that 24% of new housing completions in the three years to 2015/16 were affordable, which represented 21,500 homes. 6,700 affordable homes were completed in 2015/16, which is just 39% of the target set in ...