Dacorum bid to fund new homes

Hemel Hempstead Business Ambassador Dacorum Borough Council are bidding for £10m of additional funding to help deliver 231 new council homes for the borough.

If successful, the bid, which comes in the shape of additional borrowing, will be used to add 106 new houses and flats to our overall programme up to 2022/2023.

Subject to Government approval, the additional borrowing will allow them to deliver much-needed council homes.

To date, the council have delivered 132 new homes, with 208 under construction and due for completion within the next two years. The new programme will take the overall total up to 571 council homes, all of which are at rents that are truly affordable.

The new homes will be delivered in towns and villages across the borough, with the majority in Hemel Hempstead.

Portfolio Holder for Housing, Councillor Margaret Griffiths, said:

“This is a fantastic opportunity to help meet the huge need for new affordable homes in the borough. We hope the Government recognises that the Council has an excellent track record of delivering new homes and should be given this freedom to accelerate and increase our efforts to help local people.”

The result of the bid will be known later in the autumn.

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