Financing confirmed for 200 budget-friendly dwellings in Harrogate
In the English town of Harrogate, a significant step has been taken to address the high demand for affordable homes. Harrogate Housing Association, a local organisation with a mission to make housing inclusive for the community, has secured £15million of new loan funding from Triodos Bank UK.
The funding will be used to build 200 new affordable homes in and around Harrogate. This development program is expected to provide a significant number of much-needed homes, addressing a requirement identified by the Harrogate Borough Council.
According to the council, the need for affordable homes in Harrogate represents around 30% of the total housing need in the area, equating to approximately 208 additional homes per year. Over the past eight years, this need has amounted to almost 4,400 affordable homes.
The high demand for affordable homes in Harrogate is due to house prices being significantly higher than both national and regional averages. This high demand has been a pressing issue, with the council identifying a requirement for around 208 additional affordable homes per year.
Peter Borgers, senior relationship manager at Triodos Bank, expressed pleasure in supporting Harrogate Housing Association's growth and ambitious development program. He stated, "We are delighted to support Harrogate Housing Association in their mission to provide affordable homes for local people who might otherwise be priced out of the high property market."
Steven Brook, chief executive of Harrogate Housing Association, echoed this sentiment, stating that the funding is crucial for their plans to increase the number of affordable homes. He added, "This funding is a significant step towards our goal of providing homes for those who need them most in our community."
The homes built by Harrogate Housing Association will have an energy performance certificate (EPC) rating of B or above, ensuring they are energy-efficient and environmentally friendly. Some of the homes will also be fitted with air source heat pumps and solar panels.
This development is part of ongoing efforts and discussions about social housing strategies and housing targets in various regions, including impacts from broader national policies and consultations on housing delivery. For precise data on the annual requirement for affordable homes in Harrogate based on the latest information from Harrogate Borough Council, it would be best to contact them directly or review their official publications to obtain the most current statistics and targets for affordable housing in the area.
- The funding secured by Harrogate Housing Association from Triodos Bank UK will be channeled into a development program aimed at constructing 200 new affordable homes in and around Harrogate, which is expected to address a significant portion of the housing need identified by the Harrogate Borough Council.
- The ambitious development program by Harrogate Housing Association is a significant step towards addressing the high demand for affordable homes, a pressing issue in Harrogate due to house prices being significantly higher than regional averages.
- In line with the goal of making housing inclusive, the homes built by Harrogate Housing Association will not only cater to the affordable housing market but will also be energy-efficient and environmentally friendly, with some homes fitted with air source heat pumps and solar panels.
