Government announces starter homes will be built in North Somerset in 2017
PUBLISHED: 08:00 14 January 2017
New homes for first-time buyers will be built in North Somerset this year, after the Government announced North Somerset Council will be one of 30 local authorities to benefit from the latest round of a national scheme worth £1.2billion.
The council will work alongside the Government’s Homes and Communities Agency to start work on the homes later this year, after it was selected to be a part of the Government’s Starter Homes Land Fund.
Although it has not been revealed where exactly in North Somerset the starter homes will be built, it is thought many of them will be constructed in and around Weston, where the HCA is investing £20million in building new housing.
Some of the sites in the town earmarked for new development by the HCA include the fourth phase of Dolphin Square, which is set to contain 180 flats, the Locking Road car park and land close to the Sunnyside Road side of Weston Railway Station.
When asked by the Mercury to confirm how many starter homes could be built thanks to the investment – along with how much money North Somerset expects to receive from the £1.2million pot – a council spokesman said the authority had not yet been given any details of how the project would work.
However, the spokesman did confirm the council had agreed to meet with the HCA to get more clarity concerning the announcement.
Starter homes can only be sold to first-time buyers aged between 23 and 40 years old, at a discount of at least 20 per cent below the market value.
The Starter Homes Land Fund supports the development of starter homes on brownfield sites across England and is expected to provide a boost to first-time buyers in North Somerset. Bristol City Council and West Somerset Council are also set to benefit from the fund’s latest round of investment, while money has previously been spent in Bridgwater.
Housing Minister Gavin Barwell said: “This Government is committed to building starter homes to help young first-time buyers get on the housing ladder.
“This first wave of partnerships shows a strong local interest to build thousands of starter homes on hundreds of brownfield sites in the coming years.
“One in three councils has expressed an interest to work with us so far.”