WARWICKSHIRE Rural Housing Association (WRHA) and its partners met in Ilmington today to celebrate the start of its latest development of new homes.
When complete there will be ten new homes for affordable rent and shared ownership and four for local market purchase at the site off Armscote Road. These will be allocated to local people with a connection to the village.
To mark the occasion, WRHA has made a donation to the village, which the parish council has used to buy an intelligent public access defibrillator. This life-saving equipment will be available for all to use in the village.
The development has been made possible by an innovative funding arrangement. Warwickshire County Council has made land available to WRHA at agricultural values. They have also agreed that half of the receipts from the sale of the land for the local market homes will go to WRHA to subsidise the building of the affordable rental homes.
The remaining funding comes from The Homes and Communities Agency and from borrowed funds financed by the affordable rents received.
WRHA chairman Derrick Dyas said: “Current studies show we need over 300 new rural affordable homes throughout the county in the next five years. We are pleased to be providing homes for those who have grown up in Ilmington or who work locally, and struggle to pay market price.
"We are particularly pleased that Warwickshire County Council has been so supportive in negotiating the funding arrangements. This kind of innovative thinking is to be highly commended and we would encourage other local authorities to follow this example.
“WRHA is very keen to play a role in developing communities, not just building homes, so I am also very pleased that we are able to fund the purchase of a defibrillator for Ilmington.”
County council leader Cllr Izzi Seccombe (Cons, Stour and the Vale), said: “I’m delighted that we've been able to support this development. We have a large rural population in Warwickshire and we recognise the real need from local people for affordable and decent housing, both for rent and for sale, in our villages. Warwickshire County Council wants to ensure that we have a living, working countryside with inclusive rural communities, which will help young people to remain in the areas where they grew up.”
Kim Slater, chief executive of Warwickshire Rural Community Council, added: “Average house prices in Stratford District are nearly eight times average annual household income. This rises to 14 times for ‘affordable’ housing and is usually worse in rural areas as there is less affordable housing available in the first place! Improving the supply of affordable housing is essential for the viability of our rural communities.”
Cllr Maurice Howse (Cons, Bidford and Salford), Stratford District Council’s portfolio holder for enterprise, housing and revenues commented: “Stratford District Council is really pleased to see this development go ahead, providing affordable homes for local people.
"With a mix of affordable rent, shared ownership and local market purchase it will allow local people to benefit and help keep their family in their local village. Congratulations to WRHA for making it happen and for their gift of a defibrillator for the community.”
He has even chosen to set up his office well away from any kind of police building—for the time being in a county-...
Now that a scheme to develop up to 800 homes on the site has been given official government backing, the proposals are e...
STRATFORD-on-Avon District is an attractive place to live and its population has grown rapidly over recent decades. &nb...