Vistry Partnerships have teamed up with leading housing association LiveWest and Cornwall Council to develop an 100% affordable development in Marazion. The 100% affordable development of 40 homes is part of the Homes for Cornwall initiative to build much needed homes on Cornwall Council-owned sites across the Duchy.
The Marazion scheme, which began in October 2019, was made possible by grant funding from Homes England and Cornwall Council. Originally 35% of the development was designed to be affordable but thanks to extra funding and the partnership between all parties, that figure was increased to 100%.
Built on former Council-owned land on the edge of the town, the development offers a mixture of affordable homes for shared ownership and rent. The 40 homes are made up of 28 for affordable rent and 12 shared ownership.
The Homes for Cornwall initiative is a seven-year joint-venture between Cornwall Council, Vistry Partnerships and LiveWest, which to date having delivered 396 homes. Over 50% have been provided as affordable housing across eight council-owned sites in; Marazion, St Breward, Wadebridge, Shortlanesend, Blackwater, Madron and two schemes in Penzance. Cornwall Council’s second initiative, the Housing Delivery Programme, saw the creation of two new developments in Bodmin and Tolvaddon delivering 113 high quality homes, with 57% for affordable rent and shared ownership.
Live West & Cornwall Council
Homes for Cornwall has been a great success and we are proud to have played a key part in the delivery of almost 400 new homes in the county. Working collaboratively with our partners, Cornwall Council and LiveWest has allowed the programme to provide a significant number of affordable homes and increase the supply across Cornwall.
The new homes in Marazion are a prime example of the partnered approach, increasing the affordable homes provision to 100% and providing high quality, energy efficient homes, offering more opportunity for local people. Bradley Davison, Managing Director for Vistry Partnerships South West