Hull commits £75m to housing budget
Published by Anonymous for 24dash.com in Local Government and also in Development, Finance, Housing
Hull City Council says it has committed to one of the largest budgets for housing in the country.
The local authority has allocated almost £75 million to housing works through the city's revenue and capital housing budget, covering repairs, maintenance, energy efficiency works, improvements to sheltered housing and regeneration schemes.
The budget will also be used to bring empty houses and buildings back into use and to build new homes.
According to the council, its housing spend will provide a £280m boost to the local economy over the next five years, creating 1,300 construction jobs.
Added to this will be the funding from private sector partners, housing associations, the Homes and Communities Agency and other sources with a total of over £500m to be invested in housing projects across the city in the next five years.
The council is working with a number of partners, such as Keepmoat, Compendium, Chevin, Places for People, Riverside, Pickering and Ferens and Sanctuary Housing, to deliver a range of schemes that include:
• 3,000 properties receiving external solid wall insulation improving their visual appearance and reducing energy bills for residents.
• Structural improvements to 300 Winget properties.
• Over 3,500 new properties across the city, including 500 new council homes.
• 650 empty residential and commercial properties brought back into use by March 2015.
Councillor John Black, portfolio holder for council infrastructure, said: "The allocation of £75m demonstrates the council's commitment to Hull's housing and the regeneration of priority areas across the city and paves the way for private investment to follow this.
"Our partners are playing key role in achieving our housing aspirations for the city, it is also important for the local economy to create local jobs and provide work for contractors in the city.
"The regeneration schemes are playing their part in providing much needed quality and energy efficient housing to support our city plan ambitions as well as offering homes to residents."