Market Leads & Opportunities
Council targets 2,000 new homes
Cardiff City Council has set itself the target of building 1,000 more homes on top of its target for 2022.The authority is partnering with developer Wates Residential for a 10ten-year programme to build 1,500 new homes across 40 sites in the city. At least 40 per cent of the new homes will be affordable housing.It is also buying property from the open market, converting existing buildings into housing, using innovative housing solutions such as off-site modular systems and entering into package deals whereby new properties are bought straight from a developer.The first 1,000 homes will be completed by 2022 and work is underway to identify suitable council-owned land or property for council house development for the second phase of the programme to take the total to 2,000 homes.Cabinet Member for Housing and Communities, Cllr Lynda Thorne, made the announcement of plans to extend the Council’s existing target of delivering 1,000 new homes by another 1,000 properties at Full Council yesterday evening.
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