More than 140 new homes for sale and rent are to be provided for people looking to get on the property ladder in South Holland.
In what is being described as a “ground-breaking new era for housing” in the area, South Holland District Council is to set up a new company with a £15.2 million budget to help solve the problem of supplying housing for a growing population.
The go-ahead for the company was unanimously confirmed at a council meeting last night where it was also agreed to launch a competition for Lincolnshire Free Press and Spalding Guardian readers, as well as students at schools and colleges in South Holland, to give the new company its name.
Coun Christine Lawton, district council portfolio holder for housing, said: “This is fantastic news and marks the start of a new era for home building across the district.
“We are acting now as the population of South Holland grows so we are in position to meet rising demand for good quality homes whilst continuing to provide services that our residents rely on.
“This is about providing much-needed homes for our younger population and families and we’re putting some of our own money into this project because we have faith in it.”
The first phase of the scheme will see 142 new homes built over the next two years of which 40 will be affordable properties and nearly 19 for rent.
In return, the scheme will generate income for the council to provide services such as waste and recycling collections, play areas, sports centres and arts projects.
Coun Lawton added: “Through this new company, we will be able to increase the amount of affordable homes in South Holland and, in consequence, do even more for younger people in the district.”
See Tuesday’s Lincolnshire Free Press for more details about the competition to name the new housing company for South Holland.