£2.76m for 65 affordable homes secured in York

The City of York Council has successfully bid for just over £2.76 million worth of funding that will help secure 65 new affordable homes.

The 65 homes will be a mix of properties bought on the open market and of new-build homes.

The £2,762,500 comes from the Shared Ownership and Affordable Homes Programme 2016-21 and assumes an average share of 50 per cent purchased by the customer with the balance of 25 per cent funding from the council and 25 per cent from this Homes and Communities’ Agency’s (HCA) grant.

Detailed proposals are being drawn up in accordance with government criteria and will be presented to councillors to agree later in the year.

Cllr David Carr, leader of City of York Council with responsibility for Housing and Safer Neighbourhoods, said: “I’m delighted that our bid to this fund has been successful. It recognises that York is a city with high property values and high market rents and gives the council and our residents more choices in delivering affordable homes. We will now get on with ensuring the best outcome for this significant and welcome funding boost.”