West Northamptonshire Council is preparing to meet to discuss making the proposed purchase. They are in advanced negotiations to purchase 36 newly completed apartments at the Buckton Fields development on Welford Road just outside Northampton. Taylor Wimpey constructed these flats as their contribution to a Section 106 agreement. They are further advanced, ready for immediate occupation, enabling the council to quickly scale up its social housing stock.
The council is proposing to purchase 24 one-bed and 12 two-bed apartments. This is a surprising move considering the agency’s earlier deal that collapsed. Originally, that agreement focused on keeping these properties under the terms of a different arrangement. The council aims to manage these flats for social housing, addressing the ongoing demand for affordable housing in the area.
We’re told a cabinet meeting is scheduled for Tuesday to reconsider the proposal. This proposal consists of a conditional offer which is an offer submitted by Taylor Wimpey. According to a recent council report, the developer has been selling these properties at a “heavily discounted rate.” This agreement has caused them to be a more economically attractive alternative to the local government.
The proposal is explicit that 29 of the acquired homes will be used for long-term rental. At the same time, seven of the properties will serve as temporary shelter for people experiencing homelessness. This advance would be intended to get housing on the ground more quickly and not have the units sit empty.
“This initiative will help avoid the risk of these units standing empty for a prolonged period of time.” – West Northamptonshire Council
These flats are tucked away in the new development. Through the use of Section 106 agreements, developers are dedicated to having a positive effect on the local community. Agreements like these often put the onus on developers to meet local community needs, such as ensuring the development will bring affordable housing.
With scaffolding recently removed on one of the buildings, it’s clear that some smaller scale work is continuing. The good news is that all the flats have finally been completed and are ready for occupancy. The council’s proactive approach underscores its commitment to addressing housing shortages and ensuring that these new homes serve the community’s needs.
