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12/02/2018

Cornwall launches operation to deliver housing development plan

Words: Huw Morris
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Cornwall Council is to become the latest local authority to build housing directly.

The council has unveiled plans to invest up to £170 million in building 1,000 homes across the county by setting up a wholly owned company.

This will buy, let and manage properties with income generated used to subsidise affordable homes.

Cornwall said the developments will be a mix of homes for private market rental with 35 per cent for affordable rent or shared ownership, 15% sold on the private market and 50 per cent available for private market rent.

Two pilot sites are being developed in Bodmin and Tolvaddon, which between them will deliver 113 homes for rent and sale.

“We will deliver a mix of property sizes, types and tenures to meet local needs,” said cabinet member for housing Andrew Mitchell. Some will be for private rent, providing quality, choice and greater security for those in the private rented sector with five-year tenancies as standard. Some will be sold at market prices and others will be for affordable rent or shared ownership.

“These are homes for local people, with a genuine housing need. Consideration will be given to people who live or work locally.”

Research published by the National Planning Forum and RTPi in December reveals that 65 per cent of English local authorities are now directly engaged in housing deliveries. Councils launched at least 30 local housing companies in 2017 alone.

Image credit | iStock

 

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