10 new affordable homes are taking shape in Chard
A much-needed development of 10 new Stonewater homes for affordable rent is taking shape at Rosebank in Millfield, Chard. Stonewater, one of the UK’s leading housing providers, is working with South Somerset District Council and Brookvale to deliver the £1.5 million scheme that will offer a mix of five two-bedroom, two three-bedroom and one four-bedroom houses and two two-bedroom flats.
“We’re very pleased to be working with South Somerset District Council and Brookvale to deliver this important development of affordable homes for rent in Chard,” said Jonathan Layzell, Assistant Director of Development at Stonewater. “There is a real need in the area for more good quality homes which local people – the lifeblood of the local economy - can afford to rent. Small housing schemes like this one in Rosebank, which enable people who grew up in the area to stay close to their families, friends and support networks, are vital to ensuring the long-term sustainability and vitality of Chard and its surrounding rural communities.”
This latest housing scheme in the town follows the completion of 56 new Stonewater homes for affordable rent and shared ownership in Great Western Road, and the current conversion of the former Working Men’s Club at 46 Fore Street into five flats for affordable rent.
All 10 new properties have been built to a Code for Sustainable Homes Level 3efficiency rating with energy-saving features to keep residents’ energy bills down and minimise carbon emissions. The development is due for completion in October this year.
Colin McDonald, Corporate Strategic Housing Manager for South Somerset District Council said: “This scheme is the latest in a long-standing relationship between the Council and Stonewater and its two predecessors Jephson and Raglan, which has seen a total of over a 100 new homes in the past two years being developed using a mixture of public subsidy, including government grant through the Homes and Communities Agency, and both grant and land from the District Council”.
The scheme will create around 2.5 construction jobs for every affordable house built and up to four times that many in the wider supply chain. Stonewater will also invest more than 80 per cent of the development’s total investment costs into the local supply chain based within a 30-mile radius of the scheme.
Brookvale Business Development Manager David Lloyd said: “Brookvale is delighted to continue our long established relationship working with Stonewater and SSDC to deliver another quality affordable housing scheme. During 2015 we will be completing 282 homes and a 65 bedroomed care home, all within a 30 mile radius of Yeovil, helping to secure employment for local people.”
Stonewater currently owns and manages 700 homes across the district and has a longstanding working relationship with South Somerset District Council. The development of affordable housing in this area is an important part of Stonewater’s further growth plans over the coming years.