LANDLORDS in the Ribble Valley are being offered cash to create affordable rented accommodation.
The cash is up for grabs from Ribble Valley Borough Council in the form of landlord tenant grants for conversion or renovation. Up to 50% of the cost of converting or renovating properties into rented accommodation – up to £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 at least five years, during which the council will set an affordable rent and have nomination rights.
Coun. 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, 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.””
More information about landlord tenant grants is available from Ribble Valley Borough Council’s housing strategy team 01200 414567 or by sending an e-mail to: firstname.lastname@example.org.