Examples of Intermediate Housing in a sentence
Intermediate Housing: Sub-market housing, where costs, including service charges, are above target rents for social housing, but where costs, including service charges, are affordable by households on incomes of less than £48,000 (as at March 2006).
Residential UnitsProposed Social Housing TotalExisting Social Housing TotalProposed Intermediate Housing TotalExisting Intermediate Housing TotalProposed Key Worker Housing TotalExisting Key Worker Housing Total26.
Intermediate Housing and other affordable housing types WODC recognises the need for a balanced mix of affordable tenures and as described in Section 2, there are a number of different forms of affordable housing including a number of ‘intermediate’ products.Of these intermediate tenures, WODC favours the provision of Shared Ownership as it provides a clear route to home ownership with occupants having the opportunity to increase their equity share over time.
Rent to Buy A form of Intermediate Housing, new homes to rent by Eligible Persons for a specified rental period (minimum of 5 years) which may be renewed, with the option for the sitting tenant to buy the property (or a share of it) at the end of the rental period.
A total of 43 units would be secured for Affordable Rent, with 15 secured for Intermediate Housing.