Money for new homes in North Norfolk
The council wants affordable homes created
Last updated 2nd Mar 2021
The Council has agreed to allocate almost £1m of existing Section 106 commuted sums to enable Registered Providers (housing associations) to deliver new affordable homes in North Norfolk.
The proposed £900k will help deliver the Council’s Corporate Plan objective of 'Local Homes for Local Need', and will help provide a range of 181 good quality, energy efficient affordable homes, including specialist extra care housing and affordable rent and shared ownership properties in various locations.
Cllr Greg Hayman, NNDC’s Portfolio Holder for Housing and Benefits, commented:
"This is an important step to helping deliver on our election promise to provide more affordable homes for local need.
"We have growing housing need and we must do more to ensure that the right mix of housing, whether it’s to buy or rent, is available to keep working people at the heart of our communities.
"With a further Section 106 developer receipts pending, this could bring the total pot for use on affordable housing to total of s106 receipts to over £2.2m. This is a significant sum and we want to put it to use as soon as possible, working with the registered local housing providers in North Norfolk."
The council seeks for developers to provide, as part of a market housing development, affordable homes on new sites wherever possible. This ensures that affordable homes are delivered, integrated into market developments and that they are made available to Registered Providers at a price that is viable as affordable homes.
Where a new site is unable to accommodate affordable housing, developers are expected to make financial contributions (s106 payments) to the Council for the purpose of supporting affordable housing elsewhere, such as a potential extra care housing development in North Walsham.