Land lease scheme leads to 99 'affordable' homes
Published by Anonymous for 24dash.com in Housing and also in Development
Linc Cymru Housing Association has commissioned the construction of phase one of an £8.6 million development of 99 affordable homes in Bridgend.
The homes are being built on land sold to the social landlord by the Welsh government under its land release protocol, which was designed to provide publicly owned land for affordable housing.
Work is now under way on 56 houses and flats by developer Lovell, with the homes set for completion by early 2015.
The first phase will be for social rent and intermediate rent (intermediate rent means that homes are let at prices higher than social rented homes but below the market level).
Linc's development manager, Richard Hallett, said: “Linc procured a development partner for this significant housing project at Coity through a costed design competition amongst its framework contractors.
"Lovell’s bid was well designed and highly competitive and Linc is delighted to be working with them with the full support of the Welsh Government and Bridgend County Borough Council to provide high-quality affordable housing in this excellent location.”
Lovell's regional director, David Gough, said: “We are extremely pleased once again to be working with Linc. This scheme will help answer the demand for high-quality new affordable homes in Bridgend, delivering modern and energy-efficient properties built to a very high construction standard.”