Progress is being made on buying up homes across Milton Keynes at good prices in order to provide secure council housing at truly affordable rents to homeless families and those with high housing needs.
This year twenty-four properties, a mixture of 3 and 4 bedroom homes and one 2 bed have been purchased. This has cost the Council £4.3 million.
Cllr Nigel Long said: “As we continue to develop our new-build housing programme we have also sought to buy houses across Milton Keynes. We have bought homes everywhere from Stony Stratford to Bradville to Bletchley. The average price for the twenty-four properties is £179,000. Good value!”
Cllr Long added: “However, buying new council houses on the open market is not the best solution because whilst it does help us meet housing needs and take homeless families out of temporary accommodation it does not increase the supply of housing. That is why we are building an in-house ‘Asset Management Team’ to oversee the building of hundreds of new council houses.”
The number of new council houses to be built is as follows:
There will also be 190 properties built on four Lakes Estate sites in addition to the properties built on the Serpentine Court site. There will also be up to 87 new homes built on the Cripps Lodge site on Netherfield.
Cllr Long concluded: “Our aim is to build a significant number of new council houses to increase the overall supply of truly affordable housing locally. So whilst investing £4.3 million in buying up houses this year is good value for money, our longer term new build programme will end the need to buy houses on the open market.”