Three more homes have been secured by Cheltenham Borough Homes on behalf of the council as part of the new development at Cordwainers Road, Prestbury Road, Cheltenham.
The properties were secured under a Section 106 agreement and keys were handed to the new tenants this month. Yet another example of the £180m housing investment in Cheltenham’s future, made possible by Cheltenham Borough Council and delivered by Cheltenham Borough Homes.
The two, one person apartments and a two-bedroom home for shared ownership, also known as ‘part buy, part rent’, which could ultimately see the home owned entirely by the shared owner are a direct outcome of Cheltenham Borough Council’s key priority to increase the supply of housing and investing to build resilient communities.
Steve Slater, Interim CEO, Cheltenham Borough Homes said: “I am delighted we have secured our first homes via a Section 106 agreement working in partnership with Gloucestershire based SME developer, Newland Homes. These homes are just part of the way we are supporting the council in providing a range of properties across a variety of tenures, to enable everyone to have access to a safe, secure home. At CBH we see the person, not the tenancy and do what we can to help the new tenants settle in and share the wide-ranging proactive services we offer to help create stronger communities.”
Councillor Peter Jeffries, Cabinet member for housing, Cheltenham Borough Council added: “It’s great to be working with a private sector partner to make more homes available as part of the significant housing investment in Cheltenham. I think we are all aware, especially with the current lockdown restrictions, how important a safe and secure home is and how a home brings more than just a roof over our heads.”
The three properties form part of a wider scheme which will provide a further 27 homes for outright sale via Newland Homes. For Cheltenham Borough Homes and the council these properties follow the completion of eight new homes at Ingleborough Mews which were occupied just before Christmas.
Contact the press office on communications@cheltenham.gov.uk | 0800 408 0000