At Cocoon Project
At Cocoon Project we have a unique proposition where you can build Social housing with no upfront costs or capital expenditure. Our fully funded solution is based on the Local Housing Allowance, so you are never overspending. At the end of the agreement you own the homes. This scheme is suitable for all councils and social landlords and is off balance sheet, with no legal charges on assets.
We are also putting together our own developments, and will soon be able to provide clean, comfortable, energy efficient and sensibly sized homes as an alternative to cramped and overpriced temporary accommodation. These will be offered under long let arrangements to ensure stability and security for both you and your tenants.
You provide the land with planning. We build the scheme to building and planning regulations or finance your build. You continue to own the land. We own the housing and issue an agreement for between 10-20 years (depending on spend) for 90% of the LHA rent income. You maintain the houses and control the rental of the homes. At the end of the agreement you take ownership of the homes.
You provide the housing that is below standard. We refurbish the houses or finance your programme. You continue to own the homes. We issue an agreement for between 10-20 years (depending on spend) for 50% of the LHA rent income. You maintain the houses and control the rental of the homes. At the end of the agreement there is no further liability.