NKDC to spend £20m on over 100 affordable homes in Lincolnshire
Over the next four years North Kesteven District Council is pledging to spend £20 million on at least 105 new council properties.
New homes will include flats, bungalows and houses to meet all needs.
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The move comes after the council has already invested almost £8 million over the last three years that will have delivered 51 new houses by April.
Subject to planning approval it is anticipated that during the coming year work will begin on six homes to replace garages at Hutson Drive, North Hykeham and significant progress will be made on 23 new council homes on Mareham Lane, Sleaford.
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Another priority for 2013/14 is Northfield Road in Ruskington where 11 homes plus a communal room will replace a previous sheltered complex at the site.
The delivery of six properties at School Lane, Helpringham and three at Princess Margaret Avenue, Metheringham are key aims for 2014/15 along with an additional 30 properties across central Sleaford.
This next phase of building is part of a £46.5m programme for the next ten years which will deliver in excess of 300 extra properties by the year 2023 for households in need.
Most of the funding has been made available through the Council entering into the self-finance regime for council housing.
The Council has borrowed £58m to move away from an obligation to pay the Government around £4m a year as a contribution towards the historic national debt on council house building. NKDC now has scope to invest more in its own stock expansion.
All schemes will be consulted on and subject to planning approval.
Comments
by Ian_Heighton
Monday, January 14 2013, 1:05PM
“That equates to over £190,000 per property, with some being flats and small properties, with economy of scale I would have expected the cost to be little over half that - what is it all being spent on? If builders can throw up houses to sell at under £125,000 with flats for under £100,000 then surely the Council can get them built for less.”