The rural housing association Broadacres is working on its latest residential development in a North Yorkshire village.
Broadacres, along with its developing partner Esh Construction, is building 12 new homes in the centre of Huby, a village located in Hambleton between York and Easingwold.
The two and three-bedroom properties, once complete early next year, will be allocated to people with a connection to Huby or the wider Hambleton district.
The development, part-funded by £486,000 from Homes England, form parts of Broadacres’ strategy to make sure that rural communities stay affordable and sustainable for future generations.
Broadacres’ chief executive Gail Teasdale said: “We are delighted to be well underway on our latest residential development in North Yorkshire.
“It comes on the back of recently completed schemes in Malton and Helmsley and a development very close to completion at Carlton Minniot.
“The schemes all have one thing in common and that is they are providing homes, either rented or for sale, for people with connections to these rural communities so we can ensure they remain sustainable for future generations.
“It is Broadacres’ vision to become the best rural housing provider in the UK and Huby is an excellent example of the kind of scheme that, working closely with our local partners, will enable us to realise this ultimate goal.”
The £1.8 million scheme, being built on farmland behind Huby School, consists of eight rented and four shared ownership properties.
Prospective residents can buy a 25% share in one of the shared ownership properties for £62,500, with the option to increase that share to 80% in the future. Broadacres will then receive rent on the remaining amount.
This shared ownership option will allow people to purchase a home without having to pay a large deposit or high mortgage payments.
Esh Living’s divisional director Gary Dobson said: “We are pleased to continue our successful partnership with Broadacres Housing Association; this scheme is a welcome addition to our £30 million portfolio of commercial build and affordable housing across Teesside and North Yorkshire.
“This neat, well situated scheme will provide much need affordable housing which is key to ensuring rural communities remain sustainable for future generations.”
“As always, we will do our utmost to maximise local economic benefit by procuring local and employing a local workforce.”
Broadacres was established in 1993 as a stock transfer and owns and manages over 6,400 homes across North Yorkshire. It is based in the market town of Northallerton.
Image: Broadacres’ project coordinator Jess Box (centre) with Esh Construction site manager David Matthews (right) and contracts manager Darran Milne (left). Credit: Broadacres