Friday, 20 July 2012

Homesteading Plan to Save Homes from Demolition


A charity is hoping to demonstrate the effectiveness of a model for bringing empty homes back into use after receiving government funding.  Empty Homes will use £91,000 to help bring 10 homes in Stoke that had been scheduled for demolition back into use through a homesteading scheme. David Ireland, chief executive of Empty Homes, said: ‘This is a terrace of homes that was going to be demolished [by the council] but they’re going to be transferred so a housing association owns 50 per cent and the other 50 per cent will be sold at a reduced amount for people to renovate.’  The money from the CLG will be used for essential external work, with the buyers of the properties funding the internal changes.  Mr Ireland said buyers must use the property as their sole home and must be able to support a mortgage.  Read more on the Empty Homes website.

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