Key role in Cranbrook
DEVON and Cornwall Housing is providing a wide range of housing options at the East Devon new town Cranbrook.
The first families who have bought property through a shared ownership scheme are due to move into their new homes in spring, and DCH report the first phase of shared ownership houses have been in high demand. A further range of four two-bedroom homes will be available soon.
Paul Crawford, DCH chief executive, said: "We are delighted to be playing a key role in the Cranbrook development, providing much-needed homes in the Exeter and East Devon area.
"Our high-quality affordable homes will be prioritised for local people, helping them to gain a firm foothold on the property ladder, remain in the area, and contribute to the wider local economy.
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"Our affordable homes will form part of a sustainable new community – one which is a flagship development for the region."
In the first phase of construction, 328 new homes will be provided for affordable housing. Two hundred and eight of those will be available for rent, while the remaining 120 will be for shared ownership.
These homes, which will benefit from £15.6m of investment from the Homes and Communities Agency (HCA), are being allocated equally between DCH and Sovereign Housing Association.
All of the affordable homes will be allocated to local people – 65 per cent to applicants with a connection to East Devon and 35 per cent to applicants with a connection to Exeter.
Applicants must be registered with Devon Home Choice to bid for the homes for rent when they are advertised.
As well as affordable rented and shared ownership, DCH is providing more than 50 open-market houses for sale through its speculative development arm Westco.
For more information and advice e-mail the DCH sales team on firstname.lastname@example.org or visit www.dchgroup.com