A £4.6M housing development in West Rhyl is to go ahead following a £900,000 cash injection from the Welsh government.
Deputy Housing and Local Government Minister Hannah Blythyn announced the additional ‘Targeted Regeneration Investment’ funding – a move welcomed by delivery partners Denbighshire County Council and Pennaf Housing Group.
With funding now secure, Phase I – which will transform a property on Crescent Road into three affordable apartments for over 55s – can progress to the next stage. Two properties on Water Street will also be renovated, while a further eight properties on Aquarium street will receive a comprehensive refurbishment – providing new homes available under the ‘Low Cost Home Ownership’ scheme. Lastly, a site on John Street is to be redeveloped into 15 accessible apartments for older residents.
“This investment will create 32 affordable homes, revitalising old properties and will help to contribute to wider regeneration work going on locally,” confirmed Blythyn. “They will also contribute towards our commitment to build 20,000 affordable homes during this Assembly term.
“At the beginning of January we announced £2.5M of regeneration investment to support Denbighshire Council to buy and redevelop the Queens Buildings in Rhyl, which together with this investment is part of a much wider regeneration programme. I look forward to seeing this work develop, including these fantastic new homes in the area.”
The Welsh government’s flagship ‘Targeted Regeneration Investment’ programme is providing £100 million of capital funding across Wales over a three year period in support of regeneration projects in town centres and neighborhoods. This is part of the government’s wider regeneration strategy, which will see £800M invested between 2014 and 2023. Of this, around £250M will come from the Welsh Government with more than £550M contributed by other organisations and businesses.
According to Councillor Tony Thomas – Denbighshire’s Lead Member for Housing, Regulation and the Environment – the funding will “enable the council and Pennaf to undertake further improvements to housing in the West Rhyl Regeneration Area” while also “building on the success of the earlier property acquisition programme undertaken by the council and the investment in new homes, which was recently recognised as the best regeneration project of its size in the UK-wide Inside Housing awards.”
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