More affordable homes to be available
Two new housing developments have boosted the number of affordable homes available in the borough, and a deal has been done to provide more over the next three years.
Work on 39 new rural homes for both rent and sale has recently been completed and residents have already started to move in. They comprise 20 homes developed by Waterloo Housing Group in Sutterton, made up of 16 homes for affordable rent and four for shared ownership. A further 19 homes have been provided at Swineshead by Longhurst and Havelock Homes (L&H Homes), including 16 for affordable rent and three for shared ownership.
Mike Hardy, Managing Director of L&H Homes said 'We are delighted to provide local residents with affordable homes in Swineshead. Delivering housing in the rural areas of Lincolnshire is becoming increasingly important as many people are being forced to move out of the countryside because of soaring property prices. By building houses in the areas that need it most, we can allow local people to stay close to their families and communities."
Boston Borough Council has also signed up to a low-cost method of providing new affordable homes for the borough.
The council's Cabinet has agreed to enter into an agreement with the Waterloo Housing Group to deliver 70 affordable homes over three years.
The council will contribute £7,857 per property but receive back £6,700 for each property from the Government's New Homes Bonus.
Bids were invited from partner agencies to help provide the homes, with £550,000 being allocated from the council's medium-term financial plan.
Cllr Mike Gilbert, portfolio holder for housing, property and community, said: "Boston's Conservative administration understands the concerns of local people about homes for local people and has embarked on an excellent partnership which should deliver 70 much-needed affordable new homes. This is good news for families looking for a local home in Boston."
Anthony Riley, Director of Operations and Development at Waterloo Housing Group, said: "We are delighted to be chosen by the council to work with them to develop more new affordable homes. By offering financial help to us directly, we can then use this sum to attract further central Government subsidy. Together with our own funds, this means we can now build 70 new homes to let to local people from the housing register.
We always try to use local developers and suppliers, so this contract can only help local employment prospects in the Boston area."
All affordable rented properties are advertised in the weekly Choice Based Lettings magazine, produced by Boston Mayflower.
Affordable housing is one of the council's key priorities, as stated in the Housing Strategy 2012-2017 - Providing more homes.
The council is committed to working with key housing partners, registered providers and developers to ensure that the delivery of affordable homes continues into the future.
For further information on affordable housing in the Borough, please contact the Housing Strategy team on 01205 314548.
Affordable homes built as part of a Waterloo scheme at Sutterton - a combination of rented and shared-ownership properties. There are still opportunities to buy a house through shared ownership at Sutterton with prices starting at just £26,250 for a 25% share. Visit www.waterloohomes.org.uk for more details