A scheme that transforms derelict properties into homes for struggling first-time buyers is to expand to Hull. Own Place, which brings long-term empty properties back into use and provides homes for residents who can't afford to buy, is being extended to cover Hull's North Bransholme estate.
It comes after the pilot enjoyed success in Merseyside and won the UK Housing Award for Making Best Use of Stock. The scheme, from social landlord Riverside, improves long-term empty houses and sells them at a 25% discounted price as an incentive to encourage buyers to stay for five years.
In Hull, homes that have been earmarked are in Helvellyn Close, Ladyside Close, Kinderscourt Close, Kettlewell Close, Gifford Close, Welshpool Close, Greygarth Close and Rannoch Close.
Not only does Own Place offer affordable housing for low income households who wouldn't otherwise be able to get on the property ladder, but by selling properties to people who are willing to stay in an area and invest in the homes, we're helping shift the balance from rented accommodation to owner-occupier, resulting in more mixed communities.
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