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Originally Posted by mani
see one other thing i dont understand is this
the govt want to lower the costs of buying a house.
yet if they're makin less houses than they're knocking down how is this meant to help the prob?
some of hte regeneration plans include takin two houses and makin them into one. what happens to one of hte families?
does anyone know a time scale of this? on the boards it did say 5 yrs but i think its gonna b alot harder to pull this off.
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Hi Mani. Yes lower the cost of housing in the south because price rises have priced so many out of a home. In Hyndburn there are 33,000 households and 35,000 properties. Of that 60% are terraced and demand at the bottom end exists most of the 2000 empties. A hundred or so are Council Houses but all other types are in greater demand than supply, so the market is skewed. It is anticipated that ELEVATE will take out several thousand terraced houses and replace them with in demand housing to lower the costs of those, primarlily semis and bungalows. There is also a major affordable housing issue.
2 into 1s have not happened yet. There are all sorts of regen ideas that will be used but not as yet. Project Phoenix is the only demolition occuring at the moment. Displaced residents are in a good position as they are receiving their house price plus a sizeable relocation grant. The scheme is 15 years.