Plans for Manchester city centre’s ‘first affordable shared-ownership apartments’ approved unanimously

Plans for the first affordable shared-ownership apartments in Manchester city centre have been unanimously approved.

Clarion Housing Group had sought planning permission to build 66 flats in an apartment block alongside the Ashton Canal.

The homes inside the split-level building, which will include a roof terrace, will be aimed at graduates, young professionals and other ‘economically-active households’.

A total of 46 two-bedroom apartments will be provided alongside 17 one-bedroom flats and three two-bedroom townhouses.

Rachel Hollins, head of partnerships at Clarion, told Manchester’s planning committee that shared ownership is designed to help first-time buyers onto the property ladder.

“The proposal is for all 66 dwellings to be shared ownership, and 20 per cent will meet the council’s affordability criteria and are affordable to purchasers with an average income of £27,000,” she said.

“There’s currently no shared ownership in the city centre and viability arguments from private developers have led to there being little affordable housing delivered in recent years.”

The apartment block will be built on land between Store Street and the canal owned by the Canal and River Trust, and will have 11 floors rising from street level and a second, four-storey block facing the canal towpath.

All of the funds raised through the scheme will be passed to the trust to be reinvested back into the canal network to help with ongoing maintenance.

The development was welcomed by Piccadilly councillor Jon-Connor Lyons, who said it was a ‘testament to the council’s commitment to building affordable housing’.

 Manchester is hoping to build 32,000 new homes by 2025 with 13,259 completed as of June this year, though only 1,514 of those are affordable.

Coun Lyons added: “This housing will help young Mancunians like me, people who have lived in Manchester their whole lives, who will now be able to live in the city centre surrounded by so many opportunities.”

According to a council report 38 per cent of new households moving to the city centre are unable to rent or buy a home due to high property prices.

The report concluded that the Clarion scheme, which is proposing 100 per cent affordable housing through shared ownership, was an ‘exceptional’ case that would meet demand.

Source: Manchestereveningnews.co.uk

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