Cabinet agrees Housing Development Plan to deliver more homes for the people of Cornwall

An innovative and bold plan to provide more homes in Cornwall was given the go ahead by the Council’s Cabinet at their meeting yesterday (07 February 2018).

The Council will invest up to £170 million in directly building 1,000 new homes on sites across Cornwall. The developments will be a mix of homes for private market rental with 35% for affordable rent or shared ownership, 15% sold on the private market and 50% available for private market rental.

Continue reading

A new company, wholly owned by the Council, will be set up to buy, let and manage the properties. The income generated from the private sales and rentals will subsidise the affordable homes so there is no cost to the Council over the life of the business plan.

Two pilot sites are already being built in Bodmin and Tolvaddon, which between them will see the delivery of 113 homes. Both sites will have properties to rent or to buy.

Cornwall Council cabinet member for homes Andrew Mitchell said:  “We will deliver a mix of property sizes, types and tenures to meet local needs. Some will be for private rent, providing quality, choice and greater security for those in the private rented sector with five-year tenancies as standard. Some will be sold at market prices and others will be for affordable rent or shared ownership.

“These are homes for local people, with a genuine housing need. Consideration will be given to people who live or work locally.

“Cornwall needs more homes – both to rent and to buy. This is about providing good quality homes that people want to live in, with space, gardens, parking and which are well designed with low energy costs.”

The pilot schemes in Bodmin and Tolvaddon took on board the views of the local people and members, a feature which will continue in the wider programme. 

Watch the webcast of the Cabinet meeting