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Our housing guidance site
The Tenants Option Fund (TOF) is paid to tenants who move to smaller properties, as a way of acknowledging that they are giving up a larger home and assisting overcrowded households to move to homes that meet their needs.
There is some more information on the Camden website that can be forwarded to tenants here.
The table below sets out the payments from 1 November 2018.
|
Type of council tenant |
Payment for downsizing |
Payment for relinquishing social housing in Camden
|
|
Any tenant living in a studio or one bedroom flat |
Not applicable |
£1000
|
|
Aged 59 or below, living in a home with 2 bedrooms or more |
£1,500 per bedroom released (net) + £500 one off payment for moving via mutual exchange |
£1,500 per bedroom released (net) |
|
Aged 60 or above, living in a home with 2 bedrooms or more |
£3,000 per bedroom released (net) + £500 one off payment for moving via mutual exchange |
£3,000 per bedroom released (net) |
Camden have two under occupation (for older people) advisers, working primarily with tenants who are 60 years and over; providing advice and support to those wishing to downsize and options available such as First Choice, Seaside and Country Homes.
Christopher Brown: [email protected] 020 7974 2431 and
Amran Ahmed: [email protected] 020 7974 2432.
There is also a mutual exchange adviser who provides advice and assistance on mutual exchanges.
Lucy Activille: [email protected] 020 7974 5825