Martin Ford 07 March 2019

Harrogate to launch housing company

Harrogate BC’s housing company will be up and running next month.

The wholly-owned property company will be called Bracewell Homes, it was revealed this week.

Harrogate hopes the company will help the council to be more ‘proactive’ in providing new housing.

A wider range of homes are able to be developed through companies, including properties for commercial sale.

Harrogate wants to generate more income though rent and indirectly through the New Homes Bonus and additional council tax receipts.

The council will provide equity and an initial loan of up to £750,000, with temporary loans of up to £1m in future.

Bracewell Homes’ first developments are expected to be built on two council-owned sites, with the company also looking to build outside the district’s boundaries.

#Housing #commercial investment

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Public Property

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.