Rentplus' Woodbury rent to buy homes, offered through Cornerstone Housing, was awarded the runner-up award at the Devon Affordable Housing Awards.
The Awards, run by Devon Communities, was presented to Cornerstone Housing and Rentplus for their development at Meadow Haze, Woodbury.
The judges were impressed by the way that the development blended in with nearby traditional properties and had a number of well thought out environmental features inside and outside of the properties for maximum sustainability.
Another interesting feature is the use of the Rent to Buy tenure and this development is the first of its kind in East Devon. The Rentplus Rent to Buy model sees tenants pay a low, below market rent for their home and receive a 10% gifted deposit towards the deposit on their home when they are ready to buy it after a set period.
Cornerstone Housing Limited, the managing agent for Rentplus at Meadow Haze, targeted local families (and single people for the flats) for this scheme to help them work sustainably toward homeownership.
Richard Connolly, Head of Strategic Projects at Rentplus, said: “We’re thrilled to be shortlisted for this award and to have the Rentplus Rent|Save|Own ethos recognised as making a difference for local people. Working with Cavanna and Cornerstone, and other developers and housing associations around the country, means we can make a real difference to families and enable them to move away from high rents into affordable rent to buy homes.”
Devon Affordable Housing Awards - photo shows (L-R)
Anne Seaborne Cornerstone Housing
Gareth Fitzpatrick Rentplus Area Manager
Rick Williams CEO Cornerstone Housing
Richard Connolly, Head of Strategic Projects at Rentplus
Sharon Hewett Cavanna Homes