The City of York Council has revealed that 5,000 new homes could be built locally over the next 15 years, as it uses its own land to deliver much-needed housing to the market.
The council recently confirmed that it was examining new plans to reach deals with the Homes and Communities Agency and start constructing homes on its own vacant sites. The general plan is to build 5,000 new residences over the next 15 years, at the average rate of one per day. Work could start on some locations, such as the old Burnholme and Lowfield school sites, in just over a year.
Councillor Sam Lisle, housing and safer neighbourhoods executive member, said that more homes are needed in York. High local prices make it difficult, even for those earning an average wage.
Cllr Lisle said that the new agreement with HCA could help 1,000 homes get built over the next three years. If more investment is made that results in more affordable homes in York, future aspiring homeowners can get on the property ladder.
A report prepared for the ruling executive of the city council reveals that the scheme is also being regarded as a way to bring in an extra £1 million a year by building up a number of homes to rent privately as well as provide affordable housing.
Ruling councillors will be asked to give council staff the go-ahead to create business plans and examine partnership options with the HCA. They could also review ways of increasing the combination of homes to buy, rent, share ownership of, or assign for affordable housing.