Craven District Council invests in new affordable housing
For the first time in decades Craven District Council has become directly involved in affordable housing development.
The council has bought its first newly-constructed two-bedroom house at Lord's Close, Giggleswick, to sell on a shared ownership basis.
Shared ownership allows first time buyers to take a step on the property ladder as they buy just a share of their home initially (usually 50%) and pay rent on the rest. This means a smaller deposit and lower monthly housing costs.
Councillor Richard Foster, leader of Craven District Council, said: "For many years, the council has watched new affordable homes being built, bought, managed and sold by housing associations.
"We have enabled their development through planning policy, strategic support and grant funding. Now for the first time in decades the council is on a level footing with its housing association partners and can take its place alongside them to deliver affordable housing directly. Already we are planning to buy two more shared ownership homes under construction at Sutton, and we are on the lookout for more opportunities.
"Planning policy means that sites above a certain size will include affordable homes for rent and sale; homes that can't come soon enough at a time when waiting lists are growing, homelessness is on the increase and many local people on local incomes simply cannot afford to rent or buy in the Craven market."
The council also secured planning permission in November 2015 to build a further three homes on a former garage site in Glusburn and has since successfully bid for grant from the Homes and Communities Agency to help fund building costs.
Meanwhile, housing associations continue to work with housebuilders to deliver shared ownership homes in Skipton and across the district. Some are on site, but many more have planning permission and will be constructed over the next few years.