Â£18.7million to be invested into Milton Keynes housing
Milton Keynes Council are buying private housing to turn into council houses as part of a Â£18.7million pound drive to reduce homelessness.
They also plan to build 76 new homes, announced Councillor Nigel Long this week.
He said the plan is to buy 17 to 19 homes across MK immediately to make avaliable to those seeking housing aid.
Seven of these properties will be in Bow Brickhill, costing a total of £970,000.
A further 19 properties are to be purchased by the end of August to create more affordable homes and reduce the city’s soaring homeless figures.
The funding comes from the Council’s Housing Revenue Account and will be approved by Nigel Long tomorrow (July 19).
Mr Long said: “The council’s aim is to deliver a significant number of homes to meet local housing needs, both within the new city but also within the older towns and villages.
“We aim to help local people access affordable housing as well as help homeless households access good quality homes.”
“With my decision on Tuesday we will have invested around £18.7 million since the start of the financial year. This comes from several sources and we will continue to invest through these and other appropriate routes.”