Brighton and Hove Councillors have unanimously approved a Joint Venture with housing association and developer Hyde to build 1000 genuinely affordable homes, based on rents that are linked to the National Living Wage.
The unique partnership will give a step up for local people earning the national living wage and includes 500 rented homes and 500 part buy part rent homes aimed at local buyers who cannot afford the deposit and costs to buy a home outright.
The joint venture is a collaboration between Hyde and Brighton and Hove City Council which has taken several months of discussion and collaboration between all of the local political parties represented on the council.
“Building affordable housing is a key priority for this government,” Housing Minister, Gavin Barwell said. “I welcome the Joint Venture between Hyde Housing and Brighton and Hove Council to deliver 1,000 affordable homes. I’m keen to see more innovative partnerships like this one across the country to help deliver the homes we need.”
Councillor Warren Morgan, leader of the council and chair of the Policy, Resources and Growth Committee said, “The partnership between Brighton & Hove City Council and Hyde to build 1,000 genuinely affordable homes is the biggest commitment on housing delivery in the City in a generation.
“This is a truly innovative project, a real first of its kind, which will help to meet housing need in Brighton & Hove for years to come… I am delighted that the Living Wage joint venture proposal has been approved by all Members of the Policy, Resources and Growth Committee.
“This is welcome news for local people who are struggling to rent or buy a home in the city. The proposal will deliver high quality and genuinely affordable homes for local residents and create a significant number of jobs and apprenticeships. I look forward to breaking ground on the first projects in 2017.”