Councillors endorse affordable homes bid for Wiltshire
A bid for additional funds to create 49 new affordable rented council homes across Wiltshire has been endorsed by councillors.
Wiltshire Council has submitted a bid to Homes England for £610k grant funding and also for £7.51m additional borrowing approval to build the homes.
At cabinet on 9 October, members endorsed the application which, if successful, will ensure one to six homes will be built in 16 areas across Wiltshire.
The homes could also be boosted with funding from the use of £1.36 million Right to Buy capital receipts. The overall development is likely to cost around £9.48m
Richard Clewer, Conservative cabinet member for housing, said:
If our bid is successful it will enable more Wiltshire families to secure an affordable home in their community.
We are committed to having sufficient affordable housing so people can have options on where they live and work to create opportunities across Wiltshire.
There is £200m available to local authorities outside London that can demonstrate affordability pressures where average private sector rents are £50 a week more than average affordable rents.
The bids will be assessed against the three criteria of value for money, deliverability and affordability. The outcome of the bid is expected in the Autumn.