Warwickshire’s cabinet approves Rugby housing fund allocation

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WARWICKSHIRE’S cabinet has approved the allocation of local grants to increase the availability of affordable housing in Rugby.

A number of projects were initially approved by Cabinet in April 2010 before the Local Public Sector Award was reduced. The capital allocation towards affordable housing known as the Local Public Service agreement 2 (LPSA2) has remained in place. In total, the amount of capital available to the affordable housing project in Warwickshire is £2,318,939 which has been divided equally among Warwickshire’s five districts and boroughs resulting in £463,787 per district.

Warwickshire Heads of Housing Group has been looking at how the money could be spent in each district to address local needs.

The business plans developed by the Warwickshire Housing authorities will look to deliver:

· 178 new affordable homes across Warwickshire as part of a 388 new home development programme across the county

· Develop a revolving loan fund to bring 70 empty homes back into use initially, leading to 150 under the local authority private letting scheme

· Develop a 16 unit supported housing scheme for young people and a 63 unit sheltered housing scheme for older residents

In Rugby, the borough council has been developing an empty homes initiative with borough council counterparts in Nuneaton and Bedworth.The business plan will use a proportion of the LPSA2 funding to bring 70 back into use whilst a further 15 new affordable homes will also be provided through the programme.