TWENTY one new homes have been provided in Bideford for local people thanks to a £225,000 investment by Torridge District Council and Devon County Council to an East-the-Water development. The scheme, called Fillablack Road, provides seven shared owners
TWENTY one new homes have been provided in Bideford for local people thanks to a £225,000 investment by Torridge District Council and Devon County Council to an East-the-Water development.The scheme, called Fillablack Road, provides seven shared ownership homes - part rent, part buy - and 14 available to rent. Work began on site last December and the homes will be completed from this month.Nominations to the rented properties is through Torridge District Council. Those interested in the shared ownership properties should lodge their interest with Home to Own.A survey commissioned by the National Housing Federation identified that there are more than 1,500 people on the housing needs register in Torridge and, although the housing market has slowed slightly, the average house price in the region is still around the £200,000 mark. Andrew Lawrie of Spectrum Housing Group said: " This is an excellent example of real partnership working at a local and county level, together with the Housing Corporation and developers Persimmon Homes, to provide much-needed affordable housing for local people."Cllr Phillip Collins of Torridge District Council added: ''Affordable housing for local people has been one of our key priorities for some time. This completion is one of many successful projects in the pipeline, funded from second homes' council tax, which we increased to 90%, the maximum allowed. We are well aware of the difficulties of the local housing market. This development confirms local affordable housing is beginning to increase. Last year's figures were 141% higher than the previous year and this year's figures are projected to be even higher.''The total scheme has cost more than £2million.The Housing Corporation has provided £685,000 of grant funding and Torridge District Council and Devon County Council have provided £225, 000. The remainder has been funded through Signpost Housing's private funders.