Search

Hackney Council sets up own housing company so it can offer ‘living rent’ homes

PUBLISHED: 17:44 23 January 2018 | UPDATED: 17:44 23 January 2018

Mayor of Hackney Phil Glanville. Phot by Gary Manhine/Hackney Council

Mayor of Hackney Phil Glanville. Phot by Gary Manhine/Hackney Council

Gary Manhine: 07989 418 474 gary@manhinephoto.co.uk

The town hall is setting up its own housing company to get around government laws banning councils from offering “living rent” homes.

People struggling to fork out for private rents will benefit under the new scheme, which sees rents set at one third of the average local income – saving up to £10,000 a year.

The average market rent for a two-bed property in the borough is £1,800, but in a living rent home that could be £1,000.

Homes will be acquired from the town hall’s estate regeneration programme and let through a separate company, meaning there will be no “unwarranted fees and charges”.

It forms part of the council’s Better Renting campaign, which has already seen Hackney bring in a voluntary ban on fees.

One third of Hackney’s 34,000 homes are privately rented, while rents have soared by 36 per cent since 2011.

Hackney mayor Phil Glanville said: “These homes will help those struggling to stay in Hackney or save for their first home – putting an extra £800 on average in their pocket every month to save towards a deposit.

People must be renting or working in Hackney, have a household income of less than £60,000 and be unable to buy a home in their local area.

Latest Hackney Stories

Yesterday, 17:00

Bromley manager Neil Smith feels his side were unlucky to lose 3-1 to league leaders Leyton Orient.

Yesterday, 16:00

Eric Dier is ready to finally return to Portugal in what will be a “very special” occasion when England play in the Nations League Finals next summer.

Yesterday, 14:00

Harry Redknapp is currently taking part in the latest series of I’m A Celebrity...Get Me Out Of Here!

Yesterday, 18:03

Mavis Jackson was born nine days after the Great War ended on November 20, 1918 – making her a “peace baby” despite her grand old age of 100.

Health chiefs have moved to address a multimillion pound overspend at Homerton Hospital.

Finsbury Park has been stripped of its Green Flag status after a damning “mystery shopper” report by an environmental charity.

Yesterday, 12:16

The 50s pin-up model and actress Eve Eden helped raise £2 to fight cancer at a pub night in Mare Street.

Yesterday, 11:00

Leyton Orient captain Jobi McAnuff is delighted with his free-kick goal and his side’s fight back to win 3-1 against London rivals Bromley.

PROMOTED CONTENT

Former teacher Steve shares his experiences as a foster carer for teenagers, from dealing with some of their more challenging behaviour, to the rewards of seeing a child develop into a happy and healthy adult

If you are an unpaid carer in Hackney over the age of 25, who would like to get back into work, then Working for Carers can provide the practical assistance and support you need.

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now


Newsletter Sign Up

Hackney Gazette twice-weekly newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy

Most read news

Show Job Lists