A local housing association has promised to build dozens of affordable homes despite “vigorous” opposition from residents.
Rooftop Housing Group will build 45 new condominium homes, with the company saying many local families are being shut out of the housing market.
Development director David Hannon explained that property prices had skyrocketed last year
‘With average house prices at £276,759, almost 10% higher than the same time last year, there must be more options for families moving up the housing ladder’ , did he declare.
“We are building 45 new condominium homes this year out of a total of 154 affordable homes, but there is still a long way to go.”
Mr Hannon added that there has been a backlash to some of their developments, but believes the work is essential.
He said: “We are working with parishes, town and local councils and MPs to plan and build the most suitable homes for South Worcestershire and North Gloucestershire.
“Local opposition to development is often vigorous, and we understand this is a really complex and emotional issue, however, as prices rise (especially in rural areas), prices for families local are outdated.
“We want to build more affordable homes for local people, so they can stay in the areas they love.”
Rooftop says condominiums are a way to help people in a variety of situations get their foot on the property ladder, including first-time buyers and homeowners who can, through no fault of their own, afford to stay in their current premises.
The program allows people to buy homes with a minimum 10% share with Rooftop, indicating that they will contribute to structural repairs and essential external repairs for the first decade after it is built.
Co-owners pay rent on the remaining share of the property, but can buy more shares, reducing the rent, as their circumstances change.
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