Source: City of Leicester
Published on Friday, October 9, 2020
NEW affordable housing is due to be built on an area of land in Eyres Monsell as part of an agreement between Leicester City Council and housing association East Midlands Homes (EMH).
The company wants to build 15 new rental homes on a site off Sturdee Road, in a £2.5million project, which the city council has agreed to part fund by contributing £800,000.
The money is available to the city council because of the sale of council properties through the Government’s Right To Buy scheme. The £800,000 represents 30 per cent of the overall cost of the development, which is the maximum the council can reinvest from its Right To Buy Receipts to help fund new housing.
In return, the city council would have full nomination rights to the new houses, meaning the homes could be used to provide much-needed housing for people on the council’s housing waiting list.
A small area of land between the development site and Sturdee Road is also due to be sold by the city council to EMH for £200,000 to create new road access to the site. The sale is conditional on EMH getting planning permission for the 15 homes to be built to a specification agreed with the council, and for work to start on site within six months of contracts being exchanged.
The planned development, to be carried out by developers Kaplan Homes Ltd, will include a range of four and five-person houses, a four-person bungalow with wheelchair access, and two smaller wheelchair-accessible flats.
City Mayor Peter Soulsby has now approved the £800,000 grant funding from Right To Buy Receipts to facilitate the project, subject to EMH entering into an Affordable Rent Grant Agreement, as well as the sale of the land for access to the site.
Leicester assistant city mayor for housing and education, Cllr Elly Cutkelvin, said: “The Government’s Right To Buy scheme over the years has reduced our housing stock by thousands of much-needed homes, so it is vital that any money from those sales are ploughed back into creating more affordable housing.
“The development would bring into use an area of vacant land in an area of high demand for council housing.
“By ensuring we have full nomination rights on these new houses, we would ensure that they are available to people currently waiting for housing in the city.”
A date for detailed plans of the scheme to go before the city council’s planning committee is yet to be decided.