Arcadia are looking to build affordable, inter-generational housing in East London. As a group, they have visited other community led housing projects and attended various workshops to establish their vision and values.
They hope to have shared spaces such as a kitchen and garden where residents can socialise, in addition to their own personal living space. They are looking to incorporate including provision for the elderly and/or disabled in their scheme, and work on bringing the wider community in, living out the Christian principle “love your neighbour as yourself”.
They are looking to build 5-10 submarket leasehold homes. It is anticipated individual leases will have a resale price covenant imposed through a sec 106, to protect any affordability in the homes in perpetuity.
How we’re helping
We have supported Arcadia to incorporate as a Community Interest Company, define their objects and open a bank account. We are funding them to commission financial feasibility modelling and our advisers are working with them to secure sites they are actively looking at in East London.
- Learn more about Arcadia’s vision and values on their website
Tower Hamlets residents have come together to set up a community self-build association, actively searching for potential sites.