Sheriff Hill
This led to the building of the first council housing estate in Gateshead. Alderman Hodkin laid the foundation stone on 27 October 1920; as work commenced the Alderman demonstrated the authority's concerns, telling the local newspaper that: "we can build houses, but we cannot build homes. Only the people themselves can do that and I hope that the spirit of ‘esprit de corps’ will prevail and this will be a model estate" Demand was highthere were 427 applicants for the first twenty eight houses builtand the council built further tracts of housing in a broad triangle between Sodhouse Bank, Ermine Crescent and The Avenue, although central government withdrew its promised funding. By 1936, most of the social housing available as of 2012 was in existence and provides accommodation to over half of the population of the suburb.
Development of non-profit housing in the United States
Other requirements for HOME funds include the match of funds from other sources, minimum affordability terms for projects, limits on TBRA, and a time limit on when the funds must be allocated and spent by. For every dollar of HOME funds received, jurisdictions must provide a 25 cents match in non-federal sources. Newly constructed rental housing must remain affordable for at least 20 years. For owner-occupied housing (newly constructed and remodeled), acquired rental housing, and remodeled rental housing, the minimum affordability term ranges from 5 to 15 years depending on the amount of funds received in relation to the number of assisted units. Unlike Section 8 vouchers, TBRA is limited to two years and may not be used for project-based rental assistance. Finally, HOME funds must be committed (including reserving funds for CHDOs) within two years and be spent within five years.