Intermediate housing for rent definition and eligibility

Intermediate housing for rent (also referred to as 'Intermediate Rent') is private rented housing which can offer an alternative to open market private rental for those whose needs are not met by the market. It is not a form of social housing and offers tenancies in a similar way to other private tenancies, but with additional benefits, including rents set at a level below what is available in the open private rented market. Intermediate Rent is most likely to be a suitable option for households who can pay more than social rents, but for whom open market rents present an affordability issue. Intermediate housing for rent is only made available to lower to moderate income households based on the household's total income or the proportion of income likely to be spent on housing costs. Intermediate housing for rent could form part of any housing development, as part of mixed tenure developments, including Build to Rent (BTR) schemes.