London Borough of Hackney, GB Living Rent initiative takes new approach to council-owned housing
London Borough of Hackney, GB Living Rent Council Housing
Hackney Living Rent acquires multi-family homes for conversion into subsidized apartments. A council-owned nonprofit manages each property and guarantees long-term affordability. Monthly rents are limited to one-third of average local incomes and tenants make less than £60,000 per year. Purchased properties in Lower Clapton and Homerton have been turned into 24 modern apartments. The program focuses on private property purchases and works alongside a commitment to newly built council homes.
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Empty bedsits transformed into modern ‘micro-homes’ to help combat the cost of living crisis for priced out renters
Priced-out private renters are being given the chance to stay in the local community as Hackney Council’s latest Hackney Living Rent homes have been completed. 16 outdated bedsits in Gooch House, Clapton, have been transformed into modern and flexible homes for local residents who are priced out of home ownership but don’t have priority for...
A fairer deal for renters – new homes for living rent move a step closer
The first new Hackney Council homes for a living rent could be available in Homerton later this year to support private renters struggling with rising rents, in new proposals announced today. Under plans to be considered by the Council’s Cabinet on 29 April, eight homes at the Council’s Bridge House development on Homerton High Street would b...
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