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The Chartered Institute of Housing is the independent voice for housing and the home of professional standards

Housing profession leads visionary thinking on intermediate rented housing

06/04/2010


The Chartered Institute of Housing (CIH) is leading an exciting new project to consider whether intermediate rental can help the housing sector to offer a wider range of products and rents, which will better meet varied household incomes and aspirations.

A discussion paper on the future of intermediate rent from CIH, in partnership with L&Q, is launched today. Future directions for intermediate renting highlights the need to develop a housing offer for the ‘inbetweens’ - a group of people who struggle to meet their needs with ownership, shared ownership, social rent or private rent. It argues that in the current economy it is unlikely that those providers of existing housing options will be able to supply products to meet their needs in the near future, and that housing associations may be able to develop new approaches to provide new housing options which do meet the needs of this group.

Conversations and debates within the sector based on the paper will support production of a final policy paper in early July 2010. The policy paper will address whether current providers of social housing - with their considerable expertise in developing and managing rented and intermediate products - can be in a position to help meet need and demand for intermediate rent. It will also consider whether intermediate rented housing, currently in a very embryonic form in the sector, has potential to initiate moves towards a stronger approach to affordable housing which better meet the immediate and longer term needs of a wider range of households.

Abigail Davies, Head of Policy at CIH, said "CIH has long argued for a more fluid and dynamic affordable rented sector; where renting is a tenure of choice, with more customer focus and flexibility in the tenancies available, and better links to housing and financial advice which support achievement of tenants’ aspirations over the longer term. We believe a strategic new approach to intermediate rental may offer a way to move towards such a system."

Nic Bealey, Group Director of Strategy, Marketing and Sales at L&Q, said "This is an extremely important piece of research. We need to really understand all of our customers and their requirements. This will give us a greater understanding of a key grouping for the future"

*ENDS*

News release issued on behalf of the CIH by Jill Dwyer, CIH Press Office, Octavia House, Westwood Way, Coventry CV4 8JP. Telephone: 02476 851780 or 07786 716961. Email:

press@cih.org .

Notes to Editors:

1. The discussion paper, Future directions for intermediate renting, is available at here

2. The Chartered Institute of Housing (CIH) is the professional body for people involved in housing and communities. We are a registered charity and not-for-profit organisation. We have a diverse and growing membership of over 22,000 – both in the public and private sectors – living and working in over 20 countries on five continents across the world. Our members work for local authorities, housing associations, Arms Length Management Organisations, Government bodies, educational establishments and the private sector. Many tenants and residents are also members. We exist to maximise the contribution that housing professionals make to the wellbeing of communities. Further information is available at: www.cih.org

3. L&Q is one of the UK’s leading housing associations managing over 60,000 homes across London and the South-East. L&Q is involved in large scale community regeneration projects across London and builds high quality, affordable homes across a mix of tenures – including general needs rent, intermediate market rent, part buy, part rent (affordable home ownership) and outright sale. L&Q is also the Government appointed HomeBuy Agent for South London, and helps key workers and first-time buyers get their feet on the property ladder in London and the South East through part-buy, part-rent and equity loan schemes part funded by government HomeBuy grant.

4. The Chartered Institute of Housing and Inside Housing magazine’s House Proud campaign is making the case for housing. More details are at www.insidehousing.co.uk/houseproud


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