Plans for a combination of 28 social rent and shared ownership homes in Armley could be boosted by a council grant of up to £700,000.
Developer 54North Homes is awaiting planning permission to build the properties on the site of a former church hall and vicarage off Wesley Road.
A Leeds City Council report has authorised a £700,000 grant made up of commuted sums. Commuted sums is a funding stream managed by the council and is made up of contributions which have been paid by developers through legal agreements related to planning approvals in lieu of providing affordable housing on site.
A council report published today states: “Housing need is high in Armley, with over 800 households currently on the housing register, many of which require either two-bed home or three-bed homes.
“The scheme will contribute towards addressing this housing need though delivering new affordable homes, supporting those on low incomes into high quality homes. 22 of the properties will be available for social rent, greatly contributing towards meeting the need for social rented homes in the city. The remaining six will be available for shared ownership which can offer a route into home ownership for those who can access mortgages.”
The full report can be read in full here.
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