Bronte House, Newport Road, Cardiff CF24 1DJ
Linc acquired the Bronte site on the open market in May 2012 and proceeded to demolish the rather old and tired buildings and secure planning consent for a new affordable housing scheme in an area of very high demand. Bronte House will consist of 38 apartments with a mix of 16 one bed and 22 two bed units. The apartments will be targeted at people currently living in housing association and local authority accommodation who wish to downsize from accommodation that might now be too large for their needs. Rents will be set at intermediate rent levels. The total capital cost of the Bronte House scheme is £4.0 million. The contribution from the Welsh Housing Finance Grant is agreed at just under £1.0 million. The scheme will be developed to code level 3+ and the apartments will benefit from the latest efficient gas boilers which will result in very low running costs for tenants.
The project is ready to start on site with a contractor approved by the Linc Board. The Welsh Government has confirmed formal stage 3 approval and Linc has signed up for the collective private finance product. The Welsh Government has advised Linc that their revenue grant is likely to be available in November but is not yet in a position to confirm this. When confirmation is received, Linc will enter into a formal contract with the building contractor. Based on a December 2013 start on site, the scheme will be available for letting in the spring of 2015.
Gwaun Helyg, Ebbw Vale
Linc acquired this site from Corus in 2009. The Welsh Housing Finance Grant will fund the first phase of a larger planned affordable housing scheme. This first phase will consist of 13 family houses with a mix of 8 two bed and 5 three bed properties. The properties are to be let at social housing benchmark rents in partnership with Blaenau Gwent Council. The total capital cost of the Gwaun Helyg scheme is £2.0 million. The contribution from the Welsh Housing Finance Grant is agreed at £1.14 million. The scheme will be developed to code level 3+ and the properties will again benefit from the latest efficient gas boilers. The project is ready to start on site with a contractor approved by the Linc Board. The Welsh Government has confirmed formal stage 3 approval and Linc has signed up for the collective private finance product. Again, the Welsh Government has advised Linc that their revenue grant is likely to be available in November.
Trevor Saunders
Executive Director, Linc Homes
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