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Affordable Housing

Provision of social and intermediate rented properties as well as low cost home ownership

 

Both social and intermediate rented properties are owned and managed by Local Authorities and Registered Social Landlords (RSL).

  • Social Rented Properties: Guideline rents are charged.
  • Intermediate Rented Properties: Rents are above those of social rented properties but below market rent levels.

Our partner RSLs are: Wales and West Housing Association, Newydd Housing Association and Hafod Housing Association.

 

The Council also works with United Welsh Housing Association to develop supported housing.

 

 

Aspire-to-own

Aspire2Own

Do you want to own a home of your own? Are you unable to afford market prices? Look no further, home ownership could be within reach.

 

Aspire2Own has been created by the Vale of Glamorgan Council and its partners in recognition that first time buyers can often find it difficult to get onto the first step of the property ladder.

 

Available Properties:

 

Aspire2Own Scheme

Le-Poliguen Way

Rent First Scheme

Rent First is a scheme which enables people to rent a property first and then purchase it at a later date

 

Under the Rent First scheme, rent will be charged at a lower amount than market rent which will enable a deposit to be saved. The tenant will then be able to purchase the property after a period of three years.

 

Rent First Scheme

Previous Schemes and Developments

There have been many successful schemes and developments across the Vale of Glamorgan

"When I saw the property for the first time I was so gobsmacked. I was almost in tears. It could not have been built any better, it is so well planned it’s perfect.”

You can find out more about each scheme below:

 

 

Development of Additional Affordable Housing

There are a number of ways the Council can develop affordable housing, including:

  • Supplementary Planning Guidance

    In 2006 the Council adopted Supplementary Planning Guidance (SPG) that sets out the Council’s requirements for the provision of affordable housing.

     

    At present both the Unitary Development Plan (UDP) and SPG require the provision of at least 30% affordable housing on sites that can accommodate more than 10 dwellings. This forms part of a section 106 agreement and can be satisfied by providing units of accommodation or finance for the required affordable housing provision.

     

    There are limitations to this method of securing affordable housing; on small sites the number of dwellings planned often falls below the threshold to secure affordable housing. This is most acute in rural communities where the capacity of development sites falls considerably below that which is currently required.

     

    Also, there is evidence to suggest that on some sites a maximum target of up to 40% affordable housing units would be justified. However, in practice this may be unachievable because of site viability.

     

    These policies will be reviewed as part of the Council’s work on the emerging Local Development Plan, which will replace the existing UDP.

  • Social Housing Grant and Private Finance

    Social Housing Grant (SHG) is public money which is used to invest in in affordable housing. Essentially the capital subsidy provided by SHG enables rents to be set at a cost to the resident which is below market levels.

     

    Increasing pressure on the Social Housing Grant programme has impacted heavily on the potential to deliver increasing numbers of publicly subsidised affordable housing units within the Vale of Glamorgan.

     

    The Councils Housing Strategy team works closely with Registered Social Landlords (RSL's) and developers to identify and maximise innovative affordable housing schemes where public subsidy is not available, including looking at the possible use of RSL's own financial resources.

     

    In addition the importance of securing additional affordable housing opportunities through S106 agreements is given added importance by the work of the S106 officer who strengthens the enabling role.

  • Recycled Capital Grant 

    Recycled capital grant is funding that has previously been made available by the Welsh Government to Housing Associations to purchase land or to build affordable housing in the Vale of Glamorgan.

     

    If the land or property is subsequently sold, the money acquired from the sale must then be recycled to provide new affordable housing either by using it to part fund a new housing development or to purchase additional units. 

  • Strategic Capital Investment Funding 

    The Strategic Capital Investment Fund (SCIF) was capital funding made available from the Welsh Assembly Governments Strategic Capital Investment Framework. SCIF monies were made available to Local Authorities via a bidding system for suitable investment projects which delivered real sustainable benefits for Wales through the delivery of strategic, cross cutting projects.

     

    Through the SCIF regime, the Welsh Assembly Government intends to drive forward the One Wales agenda.
     
    SCIF 1: The Welsh Government made £42 million available for affordable housing of which the Vale of Glamorgan was allocated £1.3 million for:

     - 14 new build properties in Barry

     - 4 existing dwellings in Barry

     - 2 existing dwellings to be adapted to provide 8 units of supported accommodation

    SCIF 2: The Welsh Government made £20 million available for affordable housing which was to be used for the following themes:

     - Intermediate rented properties

     - WAG owned land

     - Homebuy (shared equity schemes)

     - Unlock stalled sites

    The Vale of Glamorgan was allocated £1.1 million for: 

     - Intermediate rented properties in Llantwit Major

     - Homebuy in the Castleland ward of Barry

    SCIF 3: More information to follow.

 

Registered Social Landlords

The Vale of Glamorgan Councils Registered Social Landlord partners are:

 


 

 

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