Northern Ireland launches unusual hybrid private renting scheme

The NI Communities ministry has published an affordable housing policy similar to that in England which will create an extra supply of homes for its PRS.

Belfast rent

The Department for Communities in Northern Ireland has published a new affordable housing policy similar to that in England which will create an extra supply of ‘Intermediate Rent’ homes for the PRS.

The Intermediate Rent policy sets the framework for the development of more high quality, long-term, affordable housing with support services but owned by both private and public landlords.

TARGETED

Homes available through Intermediate Rent are usually let on an Assured Shorthold Tenancy basis with a six month contract period and are targeted at tenants who can’t afford market rent and those looking to save a deposit to buy a home.

This is another lever to deliver an additional supply of affordable rental homes for low to moderate income households.”

A spokesperson for the Department for Communities said: “The publication of the Intermediate Rent policy sets in place another lever to deliver an additional supply of affordable rental homes for low to moderate income households.

“The policy aims to reduce the barriers which some households face in accessing or maintaining a rented home, such as tenancy insecurity, limited support services and, critically, unaffordably high rents.”

STANDARDS

The publication of a ‘Homes for Intermediate Rent: Design Standards’ guide alongside the policy sets out the expected design and finish standards associated with the scheme.

The delivery of more affordable housing is a central tenet of the draft Housing Supply Strategy and forms part of a strategic objective within the Department’s 2022/23 Business Plan and was a priority for the former Minister.


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