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Council to buy houses for rent in £4 million project

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Milton Keynes Council is planning to buy around 40 homes in a £4 million project to ease the problems with the numbers of rental properties available for those most in need.

The project is part of the budget proposal for the Council housing stock to be agreed by Cabinet on January 29. The plan is to buy around 40 homes, mainly one and two bedroom properties, for households in need as opposed to designing and building new homes.

The reason behind this is building new homes can typically take up to three years, while buying existing homes on the open market will take less than six months.

Councillor Edith Bald, cabinet member for Housing, said: “In Milton Keynes we have a shortage of homes to rent for families who are homeless and the problem is most acute when it comes to finding two bedroom properties.

“We are taking a number of actions to alleviate the problem and as a result B&B and temporary accommodation stats are falling. This additional radical step will make a real difference to some families and it can’t happen soon enough for me.

“Other actions the Council is taking include building new Council houses, the first time this has happened in over 15 years, working with landlords to increase the supply of good quality private sector affordable homes and ramping up support to prevent homelessness happening in the first place.”

 

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