New apartments to be built with £5m GMCA loan - but none ‘affordable’
manchestereveningnews.co.ukGreater Manchester Combined Authority (GMCA) has approved a £5.3m loan to build new apartments in Stockport - without any affordable housing in the plans.
The Apsley Street scheme, based off Wellington Street and Churchgate in the town centre, was given the green light in January 2021 and will see 34 new homes built on the site with help from the GMCA cash.
For its part, the developer - Apsley Street Development Ltd - is stumping up £160k to support affordable housing elsewhere in Stockport, as well as £150k towards local open space and children’s amenities.
But there are major concerns about the cost of buying a home in Stockport, partly fuelled by a lack of affordable housing. The problem has contributed to ‘unprecedented’ levels of homelessness in the borough, and a social housing register with 8,000 people and a 12-year wait.
Read more on manchestereveningnews.co.uk
