Cabinet agrees plans for 1,000 new affordable homes in Northampton
Northampton Borough Council has thrown its full weight behind a plan to deliver more than 1,000 new affordable rented homes over the next ten years.
The project will provide homes for hundreds of families across the town while also helping to reduce the demand for temporary accommodation.
In what promises to be one of the most ambitious housing projects it has undertaken in decades, the Council will set up a community benefit society and expand the role of Northampton Partnership Homes (NPH) to include the development of new homes, for rent and for sale, outside of the Housing Revenue Account.
At a full council meeting on Monday night (26 February), members agreed unanimously to back the proposal. The news comes after last week’s Cabinet backed the plans.
Cllr Stephen Hibbert, Council Cabinet member for housing, said: “Delivery of new housing is a top priority and we believe a new community benefit society will enable us to make full use of the Right to Buy receipts, increase the supply of affordable rented housing and get the best deal for the local taxpayer.
“The Right to Buy scheme is a national scheme and it is fantastic that so many residents have an opportunity to buy a home of their own. Although the sale of council homes has reduced Northampton’s stock of affordable rented housing, we want to reinvest all of the money that we receive from sales, build new homes and make the most of the tax exemptions available.
“Northampton Partnership Homes currently manages and maintains the Council’s housing stock on the Council’s behalf and is very keen to build new homes. It is already providing more than 90 new homes in the borough and has the skills and experience to deliver this larger programme.
“Since it took over management of our housing stock a few years ago, NPH has demonstrated its worth and we’re delighted to support this latest phase in its development.”