Councillors in Ipswich are to be asked to allocate around £2 million for building new affordable homes.
Following the completion of 96 homes for affordable and market rent at Ravenswood, and with the Bibb Way development (pictured) of 150 new affordable rent homes nearing completion, Ipswich Borough Council is looking to fund more schemes to deliver affordable properties.
The council’s executive is set to consider transferring around £2m unused contingency funding from the Ravenswood and Bibb Way developments to its pipeline development budget at its June 10 meeting.
The funding will enable site identification, surveys and design for proposed new schemes.
The work will be carried out by Handford Homes, the council’s own housebuilder. Handford led work on Ravenswood and Bibb Way and is currently delivering new housing at Fore Hamlet and Hawke Road.
Cllr Alasdair Ross, portfolio holder for housing at Ipswich Borough Council, said: “Ipswich Borough Council is committed to increasing affordable housing in Ipswich. Once the current schemes are completed, we will have delivered 402 new homes since 2021.
“It’s encouraging that unused contingency funding from projects at Ravenswood and Bibb Way will enable us to move forward with the next phase of development.
“Handford Homes and its contractors have worked hard to bring complex projects in on budget as well as delivering high quality homes.”
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