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Finance

Rural Housing Guide

Local housing need is the driver of community action on affordable housing and a housing need survey will have helped identify who is in housing need in your community and what kind of need they have.

This baseline information about what kind of housing is needed (rented or owned/ large or small/ older peoples or general needs) and what local people consider to be affordable housing to rent or to buy is the starting point to determining what finance is required and whether a community project is viable.

The financial viability of the project is dependent on whether the cost of the development and ongoing management costs can be covered by grants; loans raised on the basis of projected rental income; land and/or house sales; or other funds raised.

This section will highlight what grants, loans and other financial support there is available to communities to develop affordable housing projects.

There is also information on affordable rented housing and low cost home ownership (including Rural Home Ownership Grants and Croft House Grants)