Birmingham to Build Homes for Intermediate Rent

Birmingham council is planning to set up a joint venture with private developers to build homes for intermediate rent. Under the plans a joint venture organisation would be set up between the council and private businesses, with a thirty-year life, to produce homes that sit between social and private rents. A spokesperson for the council said it wanted to fill a gap for people who could not afford the private rented sector but did not qualify for social housing, as well as use the high volume of brownfield land owned by the council. Read the full story on Inside Housing.