Land to be sold for affordable housing
Published on 15 October 2015
A SECTION of land in Braunstone is due to be used for new affordable housing as part of an ongoing scheme to redevelop the area.
About 2.16 acres of land at the site of the former Bendbow Rise school, in Butterfield Close, is to be sold to developers Nottingham Community Housing Association (NCHA).
NCHA has already developed two other parcels of land on the same site to create 39 new affordable homes in two phases.
Now the third part of the site will be used to create 23 more affordable homes, including 14 two-bed houses, six three-bed houses and one four-bed house.
There will also be a one-bed wheelchair adapted unit, and a larger three-bed wheelchair house suitable for five people.
Last year the city council’s Housing Development Team invited registered housing providers to bid to develop the land, as part of the Government’s Housing and Community Agency (HCA) 2015-18 Affordable Housing Programme.
Nottingham Community Housing Association has successfully bid for £520,000 of HCA money to build the new homes.
Under the terms of the HCA agreement, the land would be sold to NCHA for the nominal sum of £1, to enable the developers to invest as much of their resources as possible on creating the much-needed housing on the site.
The council had weighed up the value of selling the land on the open market, which was estimated to be about £100,000.
But such a sale would have left the city council responsible for £120,000 of infrastructure costs to help the site to be developed.
The city council had received no firm offers when it did market the site to a range of social housing providers back in 2012.
Instead, NCHA has agreed to cover those infrastructure costs now that it has got the go-ahead to develop the entire site.
Leicester assistant city mayor for housing, Cllr Andy Connelly, said: “When the site was marketed in 2012 there was little interest in developing it as owner-occupied housing, given its location at the site of a former school.
“However, NCHA bid successfully for this third phase of development, having already secured the two other plots on this site to develop affordable housing.
“I’m confident that this established community housing association will now progress with transforming this site into much-needed homes, and I look forward to the completed scheme.”