Leeds & Yorkshire Housing Association (LYHA) has bought nine new homes under a Section 106 (S106) deal with building contractor Redrow Homes Limited on its landmark development at Horsforth Vale; to provide much-needed affordable homes for those looking to rent in the area.
The S106 agreement currently ensures that any new development provides a mix of homes to own and rent to help to meet the housing needs of the local area. In Horsforth, 14.3 per cent of homes are for private rental and social housing accounts for 11.2 per cent of homes.
The Association received 496 applications for these nine new homes; from families looking to rent one of the five two-bedroom houses and four three-bedroom houses; an average of 55 applications per property.
This comes at a time when the National Housing Federation’s Home Truths² report shows that over the next 20 years in the Yorkshire region alone, there will be a shortfall of 200,000 homes by 2031.
LYHA, which owns and manages 1,300 homes across Leeds, Barnsley, Craven and Whitby, is committed to playing its part in providing new homes to tackle the housing shortage with an ambitious 20 per cent growth target.
The Association is set to build or acquire an additional 208 new homes by 2018 and is currently on-site with 25 new homes in Wombwell, Barnsley, with work also about to start on the development of 23 apartments near Hanover Square, close to Leeds city centre.
Joanna Chambers, development manager at LYHA, said: “We are delighted to have acquired these nine properties in the first phase of this development which are very much needed. The fact that we had an average of 55 applications for each of the Horsforth Vale properties shows the demand for quality, affordable rental properties in the area.
“It is vital that more affordable housing is made available in places like Horsforth in order to meet the increasing demand across the region especially for those families who cannot afford to, or don’t want to, buy their own home.”
The new homes will also be affordable to run and are well-insulated with double glazing and 100 per cent low energy fittings to keep costs down.