Residents get priority in £7m scheme
PUBLISHED: 18:00 14 October 2011
A £7MILLION housing development in Cheddar will see 77 new homes built in the village with purchasing priority given to residents.
First Step Homes will build the properties, which includes a mix of two and three bedroom homes and six apartments.
Project manager Denise Cataldo said: “This is a community-focused development to help people with connections to Cheddar get a home here.”
Guinness Housing Trust has bought 51 of the homes and will rent some itself and sell the rest.
The Guinness houses will be available as part-purchase in shared ownership agreements.
The rest are owned by First Step and will be sold at 20 per cent below their market value to help people with Cheddar connections get a home in the village.
A typical house in Cheddar which costs £150,000 would only cost £120,000 if bought from First Homes.
People who have left Cheddar because of the lack of affordable housing, but who want to return, will be given priority to buy one of the properties if they can prove a connection.
Connections could mean people who live or used to live in Cheddar or who went to school in the village.
The development was granted planning permission for 67 homes by the council two years ago, which has since increased to 77.
The scheme is running in conjunction with Sedgemoor District Council as applicants for reduced-price homes will be approved by the council.
The development will be completed by February 2012.
Ms Cataldo said: “There is a proven need in Cheddar not just for first-time buyers but for people who have had to move out of the area.
“It is important people can buy homes here at an affordable price.
“It will help out the area as more people will be coming into the village and spending money, boosting the local economy.”