Affordable homes boost for Downend
Published by jessica.britton for Merlin Housing Society in Housing
Chipping Sodbury based landlord Merlin Housing Society has signed a contract to deliver eleven much needed affordable homes in Downend.
The £1.4m development of family homes and one bedroom flats is part of plans the housing association has to build more than 200 new homes within a 20 mile radius of its HQ by 2015.
Merlin’s Development Manager, Peter Crouch said: “We’re delighted to be working with developer Cotswold Homes to build affordable homes in the area. Houses for families are in short supply, as are one bed properties for those being hit by bedroom tax. We hope this development will help ease demand for these types of properties in this area.
Statistics released by the National Housing Federation this week as part of their Home Truths campaign reveal that house prices are predicted to increase by 37% in the Bristol area by 2020. Rental prices could go up by 43%.
“Two of the houses will be available for shared ownership, giving first time buyers an opportunity own 40% of their own home and get a foot on the property ladder,” said Peter.
Due for completion in 2015, the development is on the former site of the Blackhorse Day Centre, an ideal position for accessing local amenities.
Merlin is taking forward Cotswold Homes’ Section 106 affordable housing element, which requires 35% of new development to be made available for affordable tenures.
The homes will be available through Homechoice