£1bn to be spent on Stevenage council homes

24 Mar 2017

Stevenage Borough Council is to invest millions of pounds in its current and future housing stock, in a clear demonstration of the importance it places on providing high-quality homes for local people.

Plans involve building new council homes in the town, and improving the current stock so that homes are sustainable, safe and comfortable, and suit tenants’ needs. The council is also committed to improving housing for older people, to meet the needs of the town’s ageing population.

The council will invest £448m in building new council homes, and a further £660m in maintaining and improving existing council properties.

In total, over the next 30 years, the council will invest around £1 billion on a programme which will include:
• building 500 new council homes in 10 years – at least 300 of these by 2021
• carrying out improvements to purpose-built blocks of flats in the town
• continuing work to insulate properties, making them more energy-efficient and reducing residents’ fuel bills
• continuing Decent Homes improvements
• and developing and improving specialist older people’s housing.

The Housing Revenue Account Business Plan, Our Homes Our Future, is Stevenage Borough Council’s strategic plan for managing and maintaining its housing stock.
The 30-year plan, which was first published in 2014, has been revised to take account of new Government legislation including reduced income due to mandatory rent reduction.

Further information is available online: www.stevenage.gov.uk/housing