Affordable housing available in Ryedale: rainbow housing 2

12 May 2020

Affordable housing available in Ryedale

A range of affordable housing is on offer to Ryedale residents, thanks to a partnership between Ryedale District Council and Broadacres Housing Association.

56 new homes are available for rent, or to buy, for citizens who have lived or worked in Ryedale for the past three years and who are struggling to access the local market.

The properties comprise of one, two and three-bedroom houses, as well as two-bedroom bungalows and are expected to be available in the summer. People interested in the homes are encouraged to apply as soon as possible.

The new homes can be bought through the shared ownership scheme, or they can be rented through Broadacres Housing Association. They’re located on Rainbow Lane, Malton.

Councillor Keane Duncan, Leader of Ryedale District Council, said:

“High house prices and high private rents have meant that there’s a huge demand for affordable housing in our district. That’s why affordable housing is one of the Council’s priorities. We’re delighted to work with Broadacre Housing Association to provide these much-needed low cost homes for rent and sale. This is a positive step forward, especially in these difficult times.”

Maria Baker, Sales and Marketing Manager at Broadacres Housing Association, said:

“Broadacres don’t just build great homes, we build great new futures too.  Thanks to shared ownership, buying your own home enables local people to purchase a new home and stay in their local area, giving access to affordable homes in a market that has high house prices. You can purchase from as little as 25% with an affordable rental, deposits range from 5% to 10% of the share purchased value, subject to status. Applications are now being accepted, so apply today to avoid disappointment.”

Shared ownership is an option for citizens who would like to buy their own home, but are struggling to access the property market due to high house prices. The scheme enables local households to buy a share of a newly built home and pay rent on the remaining share.

Application forms for shared ownership are available through the Broadacres Housing Association website https://www.broadacres.org.uk/find-a-home/ and the properties are available from a 25% to 75% share.

The two bed bungalows will start from £205,000, two bed houses from £195,000 and three bed houses from £235,000.

For those interested in renting, one, two or three bedroom homes are available.  To apply, please register on the North Yorkshire Home Choice website. www.northyorkshirehomechoice.org.uk

For further information about the housing on offer, email jennie.young@ryedale.gov.uk