Affordable housing gets £6 million cash injection
Published date : 11 March 2011
The Homes and Communities Agency (HCA) has announced more than £6 million funding for affordable housing at North West Bicester. A funding bid was compiled by Cherwell District Council's housing association partner A2Dominion with support from the council.
Cherwell District Council portfolio holder for planning and housing, Councillor Michael Gibbard welcomed the news: "We are absolutely committed to making sure people have a full range of housing options. Some will want to buy outright, some will want to part-buy and part-rent and some will want an affordable rental option. This approach recognises their different financial positions and varied housing needs."
An application for the first phase of NW Bicester, currently being assessed by Cherwell's planning department, includes proposals for 393 homes, of which 120 will be classed as affordable. If planning permission is granted the funding will help towards the cost of providing affordable homes for both rental and shared-ownership.
David Warburton, head of area at the HCA, said: "We are fully supportive of the aspirations of the local authority to create an exceptional and sustainable new community at North West Bicester. We are working alongside our partners to enable this priority project to get underway, and to develop these quality, affordable and sustainable homes."
The funding will help towards the cost of providing affordable homes for both rental and shared-ownership.
Gerry Walker, A2 Dominion regional director development, said: "I am thrilled the plans we have been working so hard to produce have taken another step forward. The NW Bicester application includes affordable housing that will reach new high standards of eco-friendliness within Bicester. I would like to thank the HCA for its support and to reassure local residents that we will do all we can to contribute to meeting their future housing needs."
The full grant on offer for this scheme totals £6,043,000 but is just part of wider support being offered to projects in Bicester. The HCA has also confirmed funding of £858,857 for 23 affordable homes at the Bryan House site in Chapel Street, Bicester.
For more information please contact the Cherwell District Council communications team on 01295 227942 or email email@example.com. Alternatively, please contact Tim Abbott at the HCA on 0118 902 8441 or firstname.lastname@example.org.
Notes to editors
The Homes and Communities Agency (HCA) is the single, national housing and regeneration delivery agency for England. Our vision is to create opportunity for people to live in homes they can afford in places they want to live, by enabling local authorities and communities to deliver the ambition they have for their own areas.