How Hackney is building
Not for profit
Hackney is building hundreds of genuinely affordable homes and new community facilities in Hackney.
With little government funding for social housing and increasing demand for our services, building homes for outright sale is the only way of paying for these.
We never sell homes to make a profit.
Hackney is building without private developers or by selling off Council land. Our homes and developments are built, owned and managed by the Council, and any homes that we need to sell to pay for this are done in-house through our sales and marketing team, Hackney Sales.
Hackney is building on Council-owned land to make the most of underused public land to help tackle the housing crisis and build new community facilities for our residents.
Rather than selling our land, that means repurposing underused car parks and garages to build new Council homes, demolishing old properties uneconomical to repair and providing new homes alongside schools, leisure centres and community spaces to make the most of the land we have available.
First dibs for local people
Hackney is building for local people, and it’s only fair that those who are most affected by the changes taking place are the first to benefit.
That’s why we always put local people first in our new developments, whether it’s guaranteeing the right to return for any affected residents, giving first preference for new Council homes to local neighbours in housing need, or putting Hackney residents ahead of overseas investors when marketing homes for sale.
Hackney is building together with the local community. All our projects are delivered through close collaboration with local residents from start to finish, whether through resident steering groups on larger estate regeneration projects or meaningful engagement on our smaller projects.
The type of homes we build
The types of home we build are:
- traditional council homes at a low rent
- shared ownership homes for first-time buyers
- living rent homes to support private renters struggling with rising rent
- homes for outright sale and some market rent homes to pay for them
Old-fashioned Council housing for those most in need of somewhere to live.
These homes are prioritised for existing tenants affected by regeneration and homeless families on our housing waiting list.
The average rent for a two-bed home at one of our new developments is £148.94 per week.
Aimed at first-time buyers struggling to get onto the housing ladder.
Residents buy a share in a new home that they can afford, and pay a subsidised rent for the remaining share to the Council.
Overall costs are generally lower than renting from a private landlord, and the homes are all managed by the Council.
Homes sold at market value to fund genuinely affordable housing.
Our in-house Hackney Sales team markets these properties to local buyers first, and all income is reinvested into building new social housing.
Rented homes let at a third of average local incomes.
These are prioritised for people living and working in working in Hackney, aimed at private renters who are can face high rents and inconsistent standards in the private rented sector.
These will be subsidised by letting some homes at market rents.