A proposal has been approved to develop a Community Housing Scheme in Ceredigion.
In March 2022, Ceredigion’s Full Council made a commitment to support a scheme which would help people meet their affordable housing needs in their local communities by creating a pathway to home ownership.
Affordable Housing is a key priority of the Ceredigion’s Corporate Strategy, the Wellbeing Plan, the Housing Strategy and the Local Development Plan and the Council deploys significant resources in creating and managing affordable housing.
There are already over 4,000 affordable homes across Ceredigion. However, this is not enough to meet demand as the existing properties are generally restricted to those people in most need (social rented). There remains a group of people who we consider to have an ‘intermediate need’ who wish to purchase properties in their local communities but are ‘priced out of the market’ due to the increasing demand for rural properties and availability of affordable units in rural settlements.
Councillor Clive Davies, Cabinet Member for Economy and Regeneration said: “The scheme is designed to ensure the long-term support for Ceredigion residents to secure a home. Therefore, supporting those in housing need to remain in their communities. The scheme is designed to prevent those qualifying households from being priced out of the market, prevent rural decline and further depopulation.”
More information on how to apply to the scheme and details of the criteria will be published once the application process has been finalised.