The North East Chamber of Commerce (NECC) has joined forces with social housing group Thirteen to investigate the North East housing market.
The partnership will see the North East’s largest landlord group working with NECC to understand the region’s market for would-be house-buyers and potentially developing a new product for low-cost homeownership suited to the region’s housing needs.
Thirteen Group chief executive Alison Thain said: “As a business rooted in the North East, we’re really proud to be a partner of the NECC.
“At Thirteen, we’re first and foremost a housing provider, committed to being a catalyst for change, providing opportunities for people to make a positive difference to their own lives, as well as to wider communities and making an impact on the region as a whole.
“Working together, we will carry out a comprehensive survey to understand the region’s housing finance market and launch a report discussing the economic benefits of delivering a wider range of housing for a range of incomes with the aim of planning how stakeholders can develop a potential low-cost homeownership product.”
NECC director of policy Ross Smith believes the partnership has come at the perfect time.
“Through our manifesto we are committed to a Working North East and if we are to promote North East England as a great place to build a career, there must be affordable homes available to those who wish to build their careers here.
“Since the election, we have seen a clear shift in the direction of housing policy.
“With the Government currently consulting on proposals to widen the definition of affordable housing to include a much broader range of products that facilitate low-cost homeownership, we’re excited to be working together to consider new options.”