The Department has issued proposals around the shape of an Intermediate Rent model including detail on funding, delivery and tenant eligibility and is seeking the views of interested parties.
Intermediate Rent is a new supply of housing which intends to provide an additional rental choice for lower income households, providing secure, affordable, good quality, well-managed homes at below market rents. Intermediate Rent can provide a solution for households struggling to meet market rents, and those wishing to enter low cost home ownership in the future.
The Department has commissioned research and analysis by the UK Collaborative Centre for Housing Evidence (CaCHE) around the need for a product of this kind in the NI housing market, the potential demand, and the mechanisms required to make a product viable to develop, deliver and live in. It is recommended that you read the consultation paper in conjunction with the CaCHE report, “Establishing an evidence base for the development of a viable intermediate rent model for the Northern Ireland housing market”. The report is published alongside this consultation.
Following analysis of the responses received, the Department will publish a report on the Departmental website, which will outline feedback received and the Department’s next steps.
The Department intends to engage directly with stakeholders through virtual meetings and events during the consultation period.
If you would prefer not to use the online survey to respond, the consultation questions can be accessed in the Microsoft Word document above. Responses prepared in this format should be sent to the email or postal address provided within the document.