Renovation Cash for Landlords
Published Wednesday 9th November 11
Landlords in Ribble Valley are being offered cash for the creation of affordable rented accommodation.
Up to 50 per cent of the cost of converting or renovating properties into rented accommodation - £10,000 per flat or £15,000 per house - is available.
On completion, the property must meet the Government's decent homes standard and be let for a minimum of five years, during which the council will set an affordable rent and have nomination rights.
Stuart Hirst, chairman of Ribble Valley Borough Council's health and housing committee, said: "The provision of affordable housing is one of the biggest challenges we face and our grant system is going some way to alleviating the problem by encouraging prospective landlords to enter the rented accommodation sector.
"Grants are currently available and we are keen to hear from prospective landlords without delay."
Clitheroe builder John Ingham received funding for the conversion of the Old Wesleyan School in Low Moor, Clitheroe, into three two and three-bedroom houses for affordable rent.
He said: "The grant has enabled me to convert the properties into three affordable homes and it was definitely a worthwhile project."
Further information about landlord tenant grants are available from Ribble Valley Borough Council's housing strategy team 01200 414567 or email@example.com.