Affordable Housing is good quality homes for rent or purchase where costs are deemed affordable to those that have a median income. Although the term is often applied to rental housing, the concept it also applicable to purchases.
Taking the first step on to the property ladder is often difficult if you can't afford to buy a home. Low cost home ownership may help you do just that, by letting you rent part of the property whilst you buy the remainder. Or, if you are not in a situation to buy at property at the present time, the 'Rent to Buy' scheme allows you to rent a property at a competitive price for a period of time, whilst you save for a deposit to purchase it, this often means that you get a percentage of the rent you have paid back in order to help you with your deposit.
Affordable Housing Options
- First Homes
- Discounted Market Sale Homes
- Rent to Buy
- Shared Equity
- Social Homebuy
- Shared Ownership
- Intermediate Rent
Please note: Can developers please refer to the planning department for guidance on delivering affordable housing.
For more information on affordable housing options and to find out if there is an affordable housing scheme operating near you please visit the Homes and Communities Agency (external website).
Help to Buy Midlands
Providing information on shared ownership, equity loans and application forms for people living in the Midlands. Visit Help to Buy (external website).
Last Updated on Friday, May 19, 2023