Friday, March 31, 2006
Multi-million pound boost for housing in St Edmundsbury
Affordable housing in St Edmundsbury has received a multi-million pound boost following the Housing Corporation’s announcement of funding in the Eastern region.
Housing Associations in the borough are set to receive a total of £5.47 million from the Housing Corporation over the next two years, which will be used to build 234 affordable homes within St Edmundsbury.
The funding follows successful bids by Registered Social Landlords (RSL), which work in partnership with the council to provide affordable housing in the borough. Of the total pot, RSLs secured £4.8 million through the bidding process. The remaining £648,000 has been allocated through New Partnership Funding, which is a Government scheme open to submissions from both RSLs and the private sector.
St Edmundsbury will now work closely with RSLs in Haverhill, Bury St Edmunds and rural areas to provide the region with high quality accommodation, for either rent or purchase on a shared ownership basis. This will include the provision of some homes suitable for wheelchair users. The funding will subsidise the delivery of these affordable homes.
This pot of funding will be split to deliver affordable housing in the following way:-
Bury St Edmunds - 70
Haverhill - 88
Rural areas - 76
Affordable housing in St Edmundsbury has received a multi-million pound boost following the Housing Corporation’s announcement of funding in the Eastern region.
Housing Associations in the borough are set to receive a total of £5.47 million from the Housing Corporation over the next two years, which will be used to build 234 affordable homes within St Edmundsbury.
The funding follows successful bids by Registered Social Landlords (RSL), which work in partnership with the council to provide affordable housing in the borough. Of the total pot, RSLs secured £4.8 million through the bidding process. The remaining £648,000 has been allocated through New Partnership Funding, which is a Government scheme open to submissions from both RSLs and the private sector.
St Edmundsbury will now work closely with RSLs in Haverhill, Bury St Edmunds and rural areas to provide the region with high quality accommodation, for either rent or purchase on a shared ownership basis. This will include the provision of some homes suitable for wheelchair users. The funding will subsidise the delivery of these affordable homes.
This pot of funding will be split to deliver affordable housing in the following way:-
Bury St Edmunds - 70
Haverhill - 88
Rural areas - 76
