The Department issued proposals around the shape of an Intermediate Rent model including detail on funding, delivery and tenant eligibility to seek 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. The CaCHE report, “Establishing an evidence base for the development of a viable intermediate rent model for the Northern Ireland housing market” was published alongside the consultation.
The Department has undertaken a revised equality screening which can be viewed on the Communities website.
Following a consultation on the proposals for a new Intermediate Rent policy and model, the Department has considered the feedback received.
The analysis of feedback and the Department’s response and next steps are set out in the Consultation Outcome Report (above).
A summary document setting out the Intermediate Rent policy principles as outlined in the Consultation Outcome Report has also been produced.