Handover of homes milestone for community trust
Redrow’s Caddington Woods development, between Caddington and Chaul End, is now a well-established neighbourhood and a place where people enjoy living.
Along with the new homes, the award-winning housebuilder is providing a range of amenities including a community centre, sport facilities, play areas and woodland, and these will be managed by a charitable trust for the benefit of the wider community.
Known as the Caddington and Slip End (CASE) Community Trust, it will use the income from the rent of 43 affordable homes to manage the new facilities.
The first tenants have now moved into those rented properties, marking the first major milestone for the CASE Community Trust.
Edward Irving, land director for Redrow Homes (South Midlands) and one of four trustees of the CASE Community Trust, explained: “At Redrow we recognise that people want to live in thriving communities and we look to sustain and enhance facilities for the benefit of existing and new residents. At Caddington Woods we’ve seized the opportunity to take a fresh approach and create a community trust to manage some of those facilities for the benefit of the wider neighbourhood.”
The trust was endowed with £350,000 start-up funds from Vauxhall Motors and Redrow, and, as more tenants move into the properties, the income will be used to provide a local bus service and to maintain public open space at Caddington Woods, including play areas, multi-use games area and pond. The trust will also manage a low carbon community building, which is due to open by the end of 2019
CASE Community Trust manager Mark Patchett, added: “The affordable homes provided as part of this approach are being let at an intermediate rent, which is 80% of the rent people would pay on the open market locally. Managed by Central Bedfordshire Council, this will enable those from the Caddington and Slip End area to not only live in the area, but in a brand new home at a fraction of the cost of renting privately and potentially with longer term tenant security.”
Councillor Carole Hegley, Central Bedfordshire’s Executive Member for Adult Social Care, Housing Operations and Customer Services, said: “This unique scheme enables qualifying families with a connection to the area to live in a new home which is suitable for their needs, in a location they want, at a price they can afford.
“It’s a great example of us working with other organisations to meet our local housing need. It’s the first time we have taken part in an innovative scheme like this and it’s proving a big success. We hope to continue exploring new ways in which we can partner with other organisations to reduce our housing pressure and ensure families live comfortably in good quality affordable accommodation.”
Redrow acquired the Caddington Woods site from Vauxhall Motors, who originally used it to test new models; while more recently it was used as a vehicle storage facility.
Redrow’s approach has been innovative throughout and it is one of the spots selected to reintroduce wildlife-friendly habitats to land previously unsupportive of flora and fauna as part of Redrow’s partnership with the RSPB.
Redrow has also agreed to contribute £1.6 million towards education and gift around £400,000 to health care. Approximately £470,000 has been allocated to sports and leisure, with just under £720,000 to be divided between green infrastructure, public rights of way and highways improvement plus policing, refuse and recycling.
For more information about Redrow homes for sale at Caddington Woods see www.redrow.co.uk/caddington.