The Living Wage Joint Venture partnership between Brighton & Hove City and Hyde Housing to deliver 1000 affordable homes for the city has now been signed.
The unique partnership is aimed directly at local people who cannot afford market rents or to buy on the open market. Half the homes will be rented for working Brighton & Hove residents earning the new National Living Wage, including young people and families. The other half will be available through a shared ownership part-rent, part-buy scheme aimed at local buyers who cannot afford the deposit and costs to buy a home outright.
Proposals to set up the joint venture were agreed in 2016 and the business plan setting out how the partnership will operate was agreed at the council’s Housing & New Homes committee in September.