Cheltenham is to benefit from 5 new affordable homes, secured by Cheltenham Borough Homes (CBH) on behalf of the council.
These new properties at Hillfort Place on Shurdington Road are being developed in partnership with Kendrick Homes as part of a Section 106 agreement. The affordable homes on the development comprise 2 x 2 bed houses for rent, 2 x 3 bed houses for rent and 1 x 2 bed house for shared ownership.
The shared ownership scheme, also known as ‘part buy and part rent’, could ultimately see the home owned entirely by the shared owner. This is a direct outcome of Cheltenham Borough Council’s key priority to increase the supply of housing and investing to build resilient communities.
Cllr Victoria Atherstone, cabinet member for housing at Cheltenham Borough Council, said: “We’re delighted to be working with local developers Kendrick Homes to bring forward five more affordable homes for residents of Cheltenham. These new homes in Leckhampton, for affordable rent and shared ownership, form part of our wider £180m housing investment plan to provide much needed affordable homes for Cheltenham.”
Steve Slater, chief executive of Cheltenham Borough Homes, continues: “This is great news and I’m delighted we have secured more homes via this section 106 agreement with local developer Kendrick Homes.
“This is just one of the many ways we are supporting the council in providing a variety of opportunities and tenures to help people find a home where they can feel safe and secure. At CBH we believe everyone deserves a place they can call home. This is why we provide a wide range of pro-active services to look after our customers and their families, helping them thrive.”
The homes are part of wider scheme, which will provide for sale a further seven homes through Kendrick Homes. In securing the five affordable homes on this site, CBH will ensure these go to local people most in need of affordable housing. The new homes are due for completion in autumn 2023.
Increasing the supply of housing and investing to build resilient communities is one of the council’s key priorities. Find out more in the council’s corporate plan.
Find out more about Cheltenham Borough Homes and shared ownership - which is way for people unable to buy a property on the open market to purchase a share of a home - at www.cbh.org.
Photo (top) L to R – Alison Salter, Ewan Wright, Cllr Victoria Atherstone, James Rennison and Steve Slater.
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Section 106 is a legally-binding agreement between the local authority and the applicant as part of the granting of planning permission.
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