We do not have a direct application system and you must bid for properties. A clear and fair approach to housing allocation which prioritises households with a connection to Tower Hamlets, and ensures any affordable housing is allocated based on need and ability to pay. The rent on the outstanding share is usually set a maximum of 3 per cent on the value of that share when the home is first sold. You should also refer to the criteria for funding set out in schedule three of that document. The Equity Loans scheme enables people to buy a brand new property from a house builder with the help of an equity loan from the Mayor of London and the house builder. When they decide to buy, an Independent Financial Advisor (IFA) will assess and discuss with them the maximum share they can afford to buy. We’re committed to delivering 2,000 new council homes across Tower Hamlets. It covers 30 per cent of eligible development costs set out in schedule 2 and in a mixed tenure scheme only those elements relating to the rented units. The mayor of Tower Hamlets has spoken out about a huge £2bn development in Canary Wharf which will see the construction of 3,600 new homes, calling for the developers to dramatically increase the amount of affordable housing in the project. Tower Hamlets consistently produces more affordable housing that any other London Borough. Last week Tower Hamlets became the latest London borough to detail plans to release Council-owned land for community led housing. People who rent a home through Rent to Buy can make an offer to buy the home on shared ownership terms at any time during the tenancy, but if they fail to enter into shared ownership during that term, their tenancy can be ended. These genuinely affordable homes will include properties big enough for families. a household must have a gross household income of up to £90,000 per annum when applying for 1 and 2 bedroom properties to rent or buy, or up to £85,000 per annum when applying to buy or rent a family sized property (3+ bedrooms), the lead purchaser must be a British or EU/EEA citizen, or have indefinite leave to remain. Commissioners Report of the 2 December 2015, The scheme is open to active registered providers working in the borough with a local management presence and signed up to the Common Housing Register, The funding only relates to the rented element of schemes, and does not include intermediate units, The programme covers, for example; new build acquisition and works; acquisitions (providing these are not in current use as affordable housing) and; conversions from market to affordable rent. Open up Balfron Tower to people in need NOW, kick the developers out of OUR HOMES. As part of the planning process individual London Boroughs are able to set their own priorities to ensure that local residents have access to properties. Find out more about these those associations. Properties are either brand new or being sold by existing shared owners. Below you will find a list of the housing associations we work with. Three of these developments are now completed. In December 2016 Mayor Biggs launched the Housing Covenant – an agreement between the council and housing associations which sets out how they will work with each other. Throughout the same period, 758 new affordable homes were also started in the borough. John P. Fricano Towers is a 14-story 214-unit high-rise located at 90 Neilson Street in the heart of New Brunswick, New Jersey. Tower Hamlets Affordable Housing Grant Programme - Burdett Road (Mulberry House) The council is committed to tackling the lack of affordable homes for rent by working with our partners to provide 5,500 new affordable homes for local residents to rent in the borough over the 2014-18 period. FAH have exchanged contracts with City Pride Limited for the acquisition of 173 affordable homes at Island Point in the London Borough of Tower Hamlets (LBTH). Tel: 020 7364 3558 Fax: 020 7364 7977housing.advice@towerhamlets.gov.uk, Monday-Friday, 9.30am-4pmWheelchair accessHearing loop in reception, Tube: Bethnal GreenBus: 8, D6, 309,106, 254. Housing associations are non-profit making organisations so any surpluses are used to maintain existing homes and help finance new ones, they play an important role in providing new homes in the borough and a number of them work with the Council to build homes of different tenures for rent, shared ownership or outright sale. In Tower Hamlets there are four categories of applicants called ‘community groups’. The grant agreement is an agreement you will need to enter into with the council and will form a contract between both parties. These include the very high cost of housing, a chronic shortage of stock and a growing population. You can become a tenant of Gateway by joining London Borough of Tower Hamlets Common Housing Register. Housing associations (also known as Registered Providers (RPs) are organisations that are run independently from councils. The grid below shows how Tower Hamlets compares against London overall on key poverty and inequality indicators. Tower HamletsTower Hamlets 3,6713,671 Hammersmith and FulhamHammersmith and Fulham 754754 Kensington and ChelseaKensington and Chelsea 272272 Total affordable starts (2016-19) … (Units offered with Equity Loans do not count as affordable by the council in terms of planning permissions, as they are just a short term provision of a loan to enable full purchase at market value.)
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