Local people including key workers are set to benefit from 93 newly-built flats in St Albans with most available as shared ownership.
A total of 60 of the homes at the Jubilee Square development will be used for shared ownership with the rest being taken over by Hertfordshire’s leading housing associations.
St Albans City and District Council (SADC) has built the flats along with commercial space as part of a £64 million regeneration project.
SADC is now in the final stages of negotiating the sale of all the properties to Watford Community Housing (WCH).
Councillor Chris White, Leader of SADC, said: “I am pleased that we have been able to sell the apartments to WCH as it is an excellent deal for our residents.
“It provides an opportunity for young people and key workers to be able to purchase some of the flats on shared ownership terms, something we were unable to do as a council.
“The other flats will be social rent properties, which we always intended, and we will have the right to nominate the tenants. They will come from our housing register.”
Photo credit: SADC
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