Up to £20,000 to Help Landlords Create Affordable Housing
Landlords in Ribble Valley are being offered cash for the creation of affordable rented properties.
Ribble Valley Borough Council is offering grants for up to 50 per cent of the cost of converting or renovating houses to a maximum of £20,000.
On completion, the properties 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.
David Peat, chairman of Ribble Valley Borough Council’s health and housing committee, said: “There is a chronic shortage of affordable housing in the borough, particularly for the young and single people, and this grant aims to alleviate the problem by encouraging landlords to enter the rented accommodation sector.
“A new raft of grants are available and we are keen to hear from prospective landlords without delay.”
Further information about landlord grants is available from Ribble Valley Borough Council’s housing team on 01200 425111 or housing@ribblevalley.gov.uk.