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26 Mar 03Housing Corporation to Invest in Poole's Future
The Borough of Poole is to receive investment of £4,025,000, announced today by the Housing Corporation. The money will be used to provide affordable homes for families in Poole, as well as increasing the number of shared ownership houses and homes for people with mental health problems.
Poole has been awarded the money following a year-long campaign to the Housing Corporation. The funding will help Poole achieve its housing priorities to provide more homes, better homes, more choice, better services and empowerment of residents. The money will create a total of 89 new homes in the town, of which 39 will be shared ownership.
Simon Hendey, Head of Housing & Community, said: "With over £4 million of Government money coming to Poole key developments such as the Seldown site can begin. This money means that 40 families can be given help to buy an affordable home and another 50 households will be able to rent a home at prices they can afford. This is a great news for the town as well as those who are seeking a home that they can afford in Poole."
The Council will receive the money on 1 April 2003 and will start the process of implementing the schemes with the housing association partners immediately, for more information on the Housing Strategy Statement visit the Housing & Community Section of the Council's website boroughofpoole.com
The Housing Corporation are a government body that regulate housing associations and allocate funds according to the success of the Local Authority in using previous funds and not solely on the need for the funding. Poole's investment is the third highest of local authorities in the south west after Plymouth and Bristol.
The funding will be broken down as follows:
- £ 2,600,000 has been allocated for the first two phases of the Seldown site to Western challenge Housing association
- £635,000 has been allocated to the Home challenge scheme with Western challenge to purchase existing street properties
- £70,000 for shared ownership for people with learning difficulties allocated to Advance Housing association
- £404,000 for homes for those suffering from mental health problems allocated to Sign post housing association
- £134,000 for the empty homes initiative allocated to Signpost Housing association
- £166,000 for shared ownership on the dairy crest site allocated to Knightstone housing association ( to be switched to the Trinidad first school site)
Simon Hendey
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