£20m pledge to build 105 new affordable homes in Lincolnshire
MORE than £20 million is to be spent by North Kesteven District Council over the next four years on building new homes to meet demand for quality, affordable housing.
This will deliver at least 105 new council properties in Sleaford, Ruskington, North Hykeham plus a number of smaller, rural communities. The announcement comes on top of £1.5 million being spent in the current year and the £6.2 million over the past three years that will have delivered 51 new houses by April.
This next phase of building is part of a £46.5 million programme for the next ten years which will deliver in excess of 300 extra properties by the year 2023 for households in need, including flats, bungalows and houses.
The move was agreed by the council's executive board on Thursday.
Leader of the council Marion Brighton said: "Continued expansion of readily-available, affordable, high quality homes has become one of the main priorities of North Kesteven District Council as we seek to strengthen our communities, stimulate the local economy and support our residents.
"We are very proud to bring forward these long term aims to provide more than 170 new council homes, funded entirely through the council's resources and careful financial management.
These will be energy efficient, offered at affordable rent to support all levels of need and in areas of high demand. They also include provision of smaller properties which suits modern household requirements."
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.
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.
Most of the funding has been made available through the council entering into the self-finance regime for council housing.
The council has borrowed £58 million 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.