A community-owned developer says it is set to move ahead with the final plans for 15 new homes for Lewes residents.
At its AGM on Friday (July 22), the Lewes Community Land Trust (CLT) confirmed it was preparing to finalise plans to offer shared equity housing the North Street Quarter scheme for people with exisiting connections to the town.
The trust has been working with both and Lewes District Council and the developers Santon the project, which they say will help people who are currently priced out of home ownership.
Pru Rowntree chair of the Lewes CLT said: “The scheme is aimed at local people who have sufficient income to raise a mortgage, but cannot raise enough capital to get onto the Lewes housing market.
“They will be able to buy a percentage of equity pitched to be affordable on local wages, whilst the CLT will hold the remainder of equity.
“Properties will be owned by purchasers for as long as they need them, but will not be subject to right to buy. This means that they will be retained as community assets, and will be resold in the future at affordable shared equity prices if occupants choose to move on.
“We welcome enquiries from potential purchasers and support from the local community as we develop this project. We hope that it will be the first of many local projects, and are hoping to be able to identify further similar development opportunities in the town in the coming years.”
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