Published: 11th Sep 2019

A birds-eye view of the proposed development at Lowfield Green, Acomb. York could get its first co-operatively owned ‘permanently affordable’ housing through a new community housing scheme. YorSpace, a community benefit society and community land trust, is raising funds through a community share offer to create 19 homes at Lowfield Green in the York suburb of Acomb. The land will then be leased to residents via a specially created Mutual Home Ownership Society (MHOS), which will generate income to repay the shares. Director of YorSpace Imelda Havers said: ‘There are many exciting features to this project. But raising money in the community for local housing really is a bit radical. ‘By investing in YorSpace, local people and businesses will have a stake in future housing provision and can shape the type of homes that the city really needs.’ The development, which will be open to people … (To read the full article, subscribe below)