Sunday, 11 February 2007

More Family Homes for rent

Three new family homes are to be made available for rent in Farnborough following approval by Rushmoor Borough Council’s Cabinet on Tuesday (6) to invest £195,000 in the scheme.

The new homes will add to the 189 affordable homes built in Rushmoor since April 2006 by the Council’s housing association partners as part of its target to provide 475 new affordable homes in the borough over the next three years.

Each year, the Council contributes £1 million towards the total cost of the borough's affordable housing development programme, adding to the contribution of more than £9 million from South East Regional Housing board as part of the 2006/08 National Affordable Housing Programme.

The Cabinet meeting was told that the two three-bedroom homes and one four-bedroom home had previously been used as shared accommodation for students and needed a grant subsidy to make them permanently available for affordable rent.

The homes would become part of Pavilion Housing Association’s stock and would provide three family-sized houses, where much of this year’s programme had funded flats and smaller units.

Councillor Francis Williams, Cabinet member for Health and Housing said: "We are pleased to be able to fund an additional three family homes for affordable rent. These new homes will help us provide a balanced development programme to meet the high level of housing need in Rushmoor.”

The average market rent for a three-bedroom house in Farnborough: is £850 a month. The average housing association rent (based on Housing Corporation target rents) is £432 a month.

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