Chance for more to get foot on the ladder
A housing association has started work on new shared ownership homes to give those unable to buy on the open market a chance to get a foot on the housing ladder.
Some of the homes will form part of a £2 million development on Middleton Road, Banbury and those interested in the scheme are invited to contact Cherwell District Council.
The building project is being funded by housing and care provider Sanctuary Housing Group in partnership with the council and will allow more families the chance to part-own their home.
To mark Shared Ownership Week (March 18-24) Cherwell district councillor Debbie Pickford was invited to help lay the first bricks on the new properties.
Mrs Pickford, lead member for housing at the council said: “The new development in Middleton Road will include 15 new homes, including a mix of apartments, houses and a bungalow.
“We welcome this investment in Banbury and would like to thank Sanctuary for partnering us in this project.
“It is great to see work begin on a number of properties which, once completed, will provide much-needed homes for the residents of our district.”
Of 15 new homes in Middleton Road, eight will be shared ownership units expected to be completed later this year.
Sanctuary is also due to begin work on three new shared-ownership properties in Weston on the Green this month, with a further 12 in other parts of the district planned for 2013.
In total, more than 40 new homes for either rent or shared ownership will be created in the district thanks to investment from Sanctuary and the Homes and Communities Agency with support from Cherwell District Council.
Jonathan Mullins, Sanctuary’s head of development for the area, said: “It is great that work has now started on these new homes with many more planned for the rest of the year.
“Shared ownership is a great way to give more people the chance to get a foot on the housing ladder when house prices continue to mean many struggle to afford the deposit needed to buy their first home.”
The buildings are concentrated on a site near the Tesco Express outlet in Middleton Road. Anyone interested in buying a shared ownership property in Cherwell should call 0800 916 1444.
Cherwell has also started a project to renovate 1, West Street, yards from the Sanctuary development, to provide more housing units. The restoration project is a coordinated investment involving the council and housing association A2Dominion to create affordable apartments in Grimsbury.
The building, previously owned by A2Dominion, will undergo a major refurbishment to create five new flats as part of Cherwell’s Build! project, which aims to help people to take a role in building their own homes.
The 150-year-old building has been empty for five years and is currently fenced off.
People will be encouraged to take part in the restoration to gain skills while working to build their own home into which they can then move.
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Weather for Banbury
Thursday 23 May 2013
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