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
Squeezed London are a group of 8 residents in Tower Hamlets, who have come together to set up a community self-build project. They are a group of young professionals and families looking to build upon their professional experience and local knowledge.
The group are actively looking for sites to build affordable homes for the ‘squeezed middle’, and came together around a bid for a TfL owned in Shadwell, as part of GLA’s Small Sites Small Builders programme. Though their bid was unsuccessful, it cemented the groups aims and objectives and they are now actively searching for sites in Tower Hamlets.
They have also been attending LB Tower Hamlets Self Build Forum, a regular meeting organised by the local authority for people on their self build register.
How we have helped
Squeezed London have been working with one of our advisers to establish ways of working as a group and put together their business case.