Why Common Home?
Common Home can deliver 100% affordable homes that are better designed, better built, significantly larger and more adaptable than a standard “developer” product;
Some—or all—of our homes can be acquired by registered housing providers for the purposes of social rent and benefit from grant funding from the GLA;
Small sites are tricky and time-consuming to deliver. Public landowners’ priorities understandably lie elsewhere, concentrating on larger sites which deliver greater quantities of housing. Common Home provides a convenient, fast and hassle-free route to delivering exceptional homes in line with London Plan requirements;
Common Home can deliver homes with little or no risk to public funds, and with practically no involvement of the landowner;
Common Home is compliant with the Local Authorities’ obligations under the Self-Build and Custom Housebuilding Act 2016;
Common Home enables compliance with the ambitions of the draft Replacement London Plan Policy D2 which requires London Boroughs to make provision for community-led housing on small sites;
The draft replacement London Plan also places significant emphasis on the impact the development of small sites can have on addressing the housing crisis. Common Home can help in this regard;
Common Home has a highly developed building system which enables planning applications to be submitted quickly and efficiently without lengthy periods for design;
By granting a long lease to Common Home, the Council can avoid lengthy and protracted procurement procedures, instead bringing units to market quickly and with minimal intervention;
Common Home properties remain affordable in perpetuity, with re-sales and sub-letting managed by the Community Interest Company to ensure this obligation is met;
Common Home can accept nominations from Councils’ housing waiting lists, with additional mortgage eligibility screening performed by us;
Common Home provides much-needed housing at a level affordable key-worker such as teachers, nurses and firefighters
In lieu of a capital receipt for the land, site owners receive an annual income through enhanced ground rent or a similar arrangement.