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Thu, 02/10/2008 - 12:00am -- Danielle
The term ‘affordable housing’ relates to homes that are made available to people who cannot afford to either rent or buy a property on the open market that meets their needs.
In the main, there are two different types of affordable housing:
- Social rented - Housing owned and managed by Local Authorities and Housing Associations.
- Intermediate housing - Housing at prices above those of social rent but below market price or rent. This includes shared equity products (e.g. HomeBuy), low cost homes for sale and intermediate rent.
More information about New HomeBuy homes for sale in Essex (PDF 13kb).