Affordable housing coming to Somerset

More affordable homes will be coming to Somerset after work began on a £10 million project in Highbridge.

Raglan Housing Association, in partnership with Sedgemoor District Council and the Homes and Communities Agency, has started construction on 73 new rented affordable homes in the town.

It is hoped that househunters will be able to move into the high-quality homes as early as 2010.

Sedgemoor District Council's affordable housing development manager Duncan Harvey said the project is an important component of the regeneration of Highbridge.

He added that it "will not only improve the physical appearance of the town, but will offer a significant number of people access to a genuinely affordable and decent home".

The council also offers a shared ownership scheme designed to provide an alternative to full ownership, under which the purchaser can buy a long lease for 50 per cent of its market value

Source: Direct News 28/5/09