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 Local Housing Allowance so you are never overspending on housing and further more we cap contributions at 90% of the LHA. At the end of the agreement owns the homes. This scheme is suitable for all Councils and social landlords and is off balance sheet with no legal charges on assets.
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.