FreeSpace Project.
January 26th, 2012
Statistics have shown that last year, there were 25 million empty rooms, in privately owned properties, mainly in homes owned by the elderly.
On the basis of this data, Grant Shapps the housing minister developed the FreeSpace Project that is currently being piloted by Redbridge Council. The idea is that the elderly, who own their own property, are given the opportunity to downsize to something more suitable, by renting out their home. They can then afford to rent something smaller or move into sheltered housing without the need to sell up, often making a small profit on the difference between the rent paid and received. The responsibility for renting out their property is with the local council, who are then able to move in a family that would benefit from larger accommodation.
The concept is that local authorities foot the bill for the moving costs, renovations and any financial advice needed. They would also manage the tenancy directly, removing the stress of becoming a landlord, whilst allowing the homeowner to retain their property, which would eventually become part of their estate.
Mr Shapps said in the magazine Inside Housing, ‘Moving to more suitable accommodation can make a life-changing difference for some older people. The Freespace project in Redbridge shows what could be achieved – under this scheme older people will be able to live independently for longer and enjoy more disposable income without selling their home, and other families will benefit from living in an affordable home.’











