Council to raid reserves to fund new homes

District councillor Debbie Pickford

District councillor Debbie Pickford

First published in News

COUNCILLORS are being asked to approve a further £9.5m to fund new homes across Cherwell.

The cash will be taken out of Cherwell District Council’s capital reserves to help fund its £16m self build programme Build! The council has already put £7m into the scheme which will see 250 homes built on 26 sites across the district.

Originally, the council was planning to go into partnership with registered providers, but a report said grants to those providers had been reduced in recent years.

A report for the full council, which meets tonight, said: “The primary benefits therefore, of the local authority acting in this direct developer role include more certainty around delivery, better control of construction and professional costs, the use of off-site construction methods (where these are deemed appropriate), and of course tight control of the overall investment process.”

Work on the homes must be completed by next March to ensure the council receives an undisclosed grant from the Government’s Homes and Communities Agency.

The report says the council should generate £19.1m through selling the properties and will get a New homes Bonus grant of £1.5m over a six year period.

District councillor Debbie Pickford, the lead member for housing said: “We have got a lot of derelict parcels of land that nobody wanted to do anything with and we identified them and are now building 250 houses, mostly affordable.”

Top News
• Our top stories:

Video special report: Banbury sex gang victim speaks + police and arrest interviews of defendants

Oxford Mail:

10:00am Sunday 19th April 2015

ONE of the victims in the Banbury sex abuse case has said she'd like to help others going through the same as she did.

Sewage flows down the street as drains back up

Oxford Mail:

2:00pm Saturday 18th April 2015

SEWAGE overflowing at a block of flats in Barton has sparked anger from residents.

Reward to find cancer victim's missing dog

Oxford Mail:

12:58pm Saturday 18th April 2015

A CANCER sufferer has offered a “substantial financial reward” for anyone who can find her missing dog.

And they're off! More than 100 classic cars leave the Mini plant in Cowley for Longbridge Rally

Oxford Mail:

11:09am Saturday 18th April 2015

A CONVOY of more than 100 Minis, Morris Minors and other classic cars left the BMW plant in Cowley this morning to parade through Oxford.

Video: Sport for dogs is a bit of a Rhum-do

Oxford Mail:

10:00am Saturday 18th April 2015

YOU may not have heard of Flyball – the team sport for dogs.

It's just not bon: Raymond Blanc joins campaign against chilled hospital food

Oxford Mail: Raymond Blanc is quite the fan of Mary Berry

9:00am Saturday 18th April 2015

RAYMOND Blanc has backed a campaign to halt the closure of community hospital kitchens in Oxfordshire.

Comments (1)

Please log in to enable comment sorting

7:30am Thu 29 May 14

to ny w says...

Well I never, more public monies being gambled by CDC on development. Add this to the £12m being punted on the Eco Con, that's some punt. Is this what L A's are for ?
One other question to D D , what sustainability code are these being built to ?
Surely if the Eco Con is such a great idea, at least Code 5?
Was that a flying pig I just saw ?
Well I never, more public monies being gambled by CDC on development. Add this to the £12m being punted on the Eco Con, that's some punt. Is this what L A's are for ? One other question to D D , what sustainability code are these being built to ? Surely if the Eco Con is such a great idea, at least Code 5? Was that a flying pig I just saw ? to ny w
  • Score: 0

Comments are closed on this article.

Send us your news, pictures and videos

Most read stories

Local Info

Enter your postcode, town or place name

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree