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London Borough of Hackney, GB Living Rent initiative takes new approach to council-owned housing

London Borough of Hackney, GB Living Rent Council Housing

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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.

Affordable Housing Building Community Services

London Borough of Hackney, GB

London borough in England

United Kingdom

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Five ways our homes for living rent will make renting fairer

Our first homes for living rent are eight new modern, high-quality homes at our Bridge House development in Homerton. You can register your interest on the Hackney Sales website. Compared to the market rate, eligible renters could save nearly £11,000 a year on the average two-bedroom flat – helping them to build up a deposit to buy their firs...

Newsworthy

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the chance to stay in the local community as Hackney Council’s latest Hackney Living Rent homes have been completed. 16 outdated bedsits in Gooch House, Clapton, have been transformed into modern and flexible homes for local residents who are priced out of home ownership but don’t have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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