First Sites Named for 5,000-Home Project in York

March 14, 2017 by

New Homes Insurance

The City of York Council has revealed that 5,000 new homes could be built locally over the next 15 years, as it uses its own land to deliver much-needed housing to the market.

The council recently confirmed that it was examining new plans to reach deals with the Homes and Communities Agency and start constructing homes on its own vacant sites. The general plan is to build 5,000 new residences over the next 15 years, at the average rate of one per day. Work could start on some locations, such as the old Burnholme and Lowfield school sites, in just over a year.

Councillor Sam Lisle, housing and safer neighbourhoods executive member, said that more homes are needed in York. High local prices make it difficult, even for those earning an average wage.

Cllr Lisle said that the new agreement with HCA could help 1,000 homes get built over the next three years. If more investment is made that results in more affordable homes in York, future aspiring homeowners can get on the property ladder.

A report prepared for the ruling executive of the city council reveals that the scheme is also being regarded as a way to bring in an extra £1 million a year by building up a number of homes to rent privately as well as provide affordable housing.

Ruling councillors will be asked to give council staff the go-ahead to create business plans and examine partnership options with the HCA. They could also review ways of increasing the combination of homes to buy, rent, share ownership of, or assign for affordable housing.

Rob Pearson, Homes and Communities Agency general manager, added that the group looks forward to working with the City of York council to ensure that brownfield land development becomes the preferred option for new home development in the city.

Mr Pearson said that a partnership with the council will mean that there will be a joint approach to future land purchases and providing of homes that people are desperately looking for.

Opposition Labour councillors welcomed the emphasis on housing, but said that the affordability factor will determine whether new homes help local people. Cllr David Levene, Labour housing spokesperson, said he was pleased to see that the Conservative-Lib Dem Coalition was making plans to tackle the area’s housing crisis.

Mr Levene said that the real issue is about the move from genuinely affordable homes to what the government considers affordable. Even 80% of market rent is beyond many people in an expensive city like York.

He said that he awaited some real commitment to delivering viable options of an affordable home to York residents.

 

About CRL and New Homes Insurance

CRL’s specialist team arrange structural defects insurance to protect thousands of new ventures throughout the UK and Ireland. CRL’s in-house team assist in sourcing fast, flexible cover, arranged by the in-house team who are dedicated to providing the highest quality of customer service.

Anyone engaged in a building project or managing a portfolio of new-build properties that require mortgages, will require a 10-year structural insurance policy on the property. CRL recognises that every opportunity is different, there are no tick boxes and no set criteria – just an appetite for adventure!

To find out how you can start working with CRL and purchase a structural warranty, visit what we cover.

 

 


You may also be interested in...

  1. UK Housebuilding Starts Off Brexit Red Tape Initiative

    UK Housebuilding will be the initial focus of the cross-party initiative to identify EU regulations that the Brexit process can quickly amend, according to recent news. Oliver Letwin, former Cabinet Office minister, recently launched the Red Tape Initiative, whose goal is to find rapid strategies that can be put in place to help British businesses…

    May 18, 2017 by

    Read more
  2. Extensions & Structural Alterations: The Property Improvements to Add Most Value

    It’s common knowledge that home improvements can perk up an otherwise mundane property and add more value when it comes time to sell. But before you start planning a new kitchen, extension, or conservatory it is a good idea to consider the costs of each possible improvement and see if the value they actually add…

    April 29, 2015 by

    Read more
  3. Structural Warranty Quote Process – Helpful Guide

    Read through our useful guide on the information you will need to obtain a Structural Warranty Quote for your self-build project, property conversion or property renovation. If you’re a self builder or first time developer constructing a new home you may know you need to take out structural insurance to cover you against any structural…

    August 25, 2015 by

    crl-logo-only-for-cms Read more