Harmony

Intergenerational Living

Intergenerational living enables both young and old to live alongside each other as good neighbours. It promotes engagement, interaction and a shared understanding.

In turn this helps to reduce reliance on care services access to which can often be an even bigger issue for those living in rural districts.

In turn, this creates churn by freeing up existing homes for younger people. In the case of affordable rented homes, they can free up larger affordable homes for priority needs applicants. Depending on overall numbers between 1-3 flats will be allocated to a younger person(s) who has experience of working in care or is undergoing training in the care field.

In return for a rent reduction of approximately 40% the tenant will undertake to spend up to 15-20 hours a month being a ‘good neighbour’ to the other tenants.

The Issues

Intergenerational inequity around issues such as home ownership, pensions have created a divide between the young and the old.

Increasing number of people living well into old age but for whom loneliness, isolation and inappropriate accommodation area real and growing issue.

Loneliness isn’t just a condition of the older generation with many young people also reporting they feel lonely and isolated.

Loneliness has significant implications for health and social care services.

Lack of affordable housing options for minimum wage care workers and those in higher education studying social care.

Context

Intergenerational living enables people of all ages to live alongside each other as good neighbours. It promotes engagement, interaction and a shared understanding. In turn this helps to reduce reliance on care services access to which can often be an even bigger issue for those living in rural districts.

Our schemes will deliver ‘down-sizing’ homes for local people over the age of 55, which will have access to assistive technology to enable people to remain in their homes and communities as long as possible.

A number of homes will be allocated to a younger person(s) who has experience of working in care or is undergoing training in the care field. In return for a rent reduction of approximately 40% the tenant will undertake to spend

20-30 hours a month being a ‘good neighbour’ to the other tenants

Harmony: How does it work?

Fund

Homes funded by institutional investors

Build

Homes built to building regulations and Harmony standards

Open Market

For older purchasers who are able to purchase outright

Shared Equity

Older purchasers able to buy a proportion of their home and raise equity to help fund retirement in their older years in a purpose built environment

Rent To Buy

Our 'rent to buy' option would enable purchasers to move straight into their new home and rent it whilst their existing home is marketed

Younger Person

Allocated to a younger person(s) who has experience of working in care or is undergoing training in the care field. In the return for a rent reduction of approximately 50% the tenant will undertake to spend 20-30 hours a month being a good neighbour to the other tenants

Affordable Rented

For those who do not have a home to sell we would hope wherever possible to offer an affordable rented option

Recycle

Freeing up existing larger family built homes in the community through the delivery of downsizer shared equity housing
How will it assist LA's & NPG's?

Helps deliver homes which meet the identified needs of an area in line with both older and younger persons housing strategies and planning policies.

Assist LAs, parishes and Neighbourhood Planning Groups to identify where there is a housing need, what the need is and how best to meet it.

Fund homes in rural communities which may otherwise not be delivered

Create churn by freeing up existing homes for younger people. In the case of affordable rented homes, they can free up larger affordable homes for priority needs applicants.

Case Study

J has lived in her 3-bed family home for over 40 years, alongside her husband they brought up their son in the house. However since losing her husband 8 years ago and feeling unable to travel to see her son who now lives away, Jean is feeling more isolated and less able to cope with the upkeep of her home.

S is a local lady who has always lived in the town with her parents and siblings. She is a care worker and is studying alongside her work to gain qualifications in order to eventually enable her to train as a nurse. As S is only paid just above the national minimum wage she has found it impossible to move out of her parents home but is struggling to study with so many people in the house and can’t see a time when she will ever be able to have her own home.

A new scheme due to be developed in the town will see a range of new housing solutions, one of which is an intergenerational living model for an older population looking to down-size. The ambitious and innovative housing proposal will see ‘down-sizing’ flats for local people over the age of 55, which will have access to assistive technology to enable people to remain in their homes as long as possible. One flat will be allocated to a younger person(s) who has experience of working in care or is undergoing training in the care field. In return for a rent reduction of approximately 50% the tenant will undertake to spend 20 hours a month being a ‘good neighbour’ to the other tenants.

The development will help to tackle the important social issues of an ageing population whilst helping younger care workers gain access to an affordable home, the scheme.

Other Sectors
Affordable rent to buy - Your pathway to home ownership
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MEETING THE NEEDS OF THE DOWNSIZING - YOUR PATHWAY TO DOWNSIZING
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AFFORDABLE SELF-BUILD - YOUR PATHWAY TO BUILDING YOUR OWN HOME
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DESIGN LED HOMES FOR SALE - A DIFFERENT APPROACH
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SHARED OWNERSHIP EMPLOYMENT UNITS - SUPPORTING THE GROWTH OF YOUR BUSINESS
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COMMUNITY OWNED AFFORDABLE HOUSING - DELIVERING HOMES COMMUNITIES NEED
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