A Bristol community group set up to convert empty office
buildings into affordable housing has secured a £425,000 mortgage to fund its
first scheme. Abolish Empty Office Buildings (AEOB), a community benefit society
launched in 2013, has already raised around £300,000 from a community share
offer to purchase a property in East Bristol. It is now able to start building
work after being given a mortgage from Triodos Bank this week. The property
will be refitted and extended to create six flats capable of housing up to 10
residents. The first tenants are expected to move into secure rented
accommodation before the end of 2016. AEOB wants to raise a total £400,000
through community shares to “expedite repayment of the loan”, before looking to
develop further sites. Read more on the AEOB website.
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