YMCA London South West has developed a new housing solution called Y:Cube that provides self-contained and affordable starter accommodation for people who are unable to either gain a first step on the housing ladder or pay the high costs of private rent.
Y:Cube provides high quality accommodation which can be built faster, and crucially cheaper than using traditional methods of construction.
Learn more about Y:Cube on our Frequently Asked Questions page.
Follow Y:Cube on Twitter.
See a Parliamentary debate about modern offsite construction methods highlighting Y:Cube on 4 November 2015. Y:Cube is mentioned at 09.36, 09.56 and 10.20.
Genuinely affordable housing
YMCA London South West believes Y:Cube is a genuinely affordable housing solution to the UK housing crisis.
Richard James, CEO of YMCA London South West, explains:
“As the largest provider of supported accommodation for young people in the country, YMCA is increasingly seeing young people struggling to afford the costs of private rent.
Even for a young person in employment, a combination of low wages and high rents can quickly see them priced out of the market. We constantly see young people thrive and gain independence within our hostel accommodation, only to be left with no options when it comes to the time for them to move on.
We believe Y:Cube presents a significant opportunity to deliver genuinely affordable housing to meet the increasing housing demand in London that is not only affordable to rent but with the added effect of low utility bills.
The demand for affordable housing is significantly outstripping supply and the city desperately needs to dins a solution which can enable young people to secure a place to call their own, while working and saving for a deposit and their next step towards independent living”.
The first UK Y:Cube scheme was opened in Mitcham in south west London in September 2015.
The 36-apartment Y:Cube Mitcham development is designed as move-on accommodation for people leaving homelessness hostels and supported housing schemes.
The apartments are being rented out at 65 per cent of the market rate in the area.