A £4.6m project to renovate and redevelop housing in Rhyl will receive more than £900,000 Welsh Government regeneration investment and the first phase will create 32 affordable homes.
Deputy Housing and Local Government Minister Hannah Blythyn announced the Targeted Regeneration Investment funding for the project, being delivered by Denbighshire County Council with Pennaf Housing Group.
The first phase of the project will involve:
- the renovation of a property on Crescent Road into three affordable housing apartments for the over 55s
- two properties at on Water Street will be renovated to create six affordable housing apartments
- eight properties on Aquarium street will be renovated to create homes available under the Low Cost Home Ownership scheme
- a site on John Street will be redeveloped to create 15 accessible apartments suitable for older residents.
Hannah Blythyn said:
“This investment will create 32 affordable homes, revitalising old properties and will help to contribute to wider regeneration work going on locally. They will also contribute towards our commitment to build 20,000 affordable homes during this Assembly term.
“At the beginning of January we announced £2.5m of regeneration investment to support Denbighshire Council to buy and redevelop the Queens Buildings in Rhyl, which together with this investment is part of a much wider regeneration programme. I look forward to seeing this work develop, including these fantastic new homes in the area.”
The Welsh Government’s flagship Targeted Regeneration Investment programme is providing £100m of capital funding across Wales over three years to support regeneration projects in town centres and neighbouring areas.
This funding is supported by estimated further investment of at least £60 million from other organisations and businesses, providing an overall boost of £160 million to communities all over Wales. This is part of the Welsh Government’s regeneration strategy, which will invest £800m between 2014 and 2023. This includes around £250m from the Welsh Government supported by more than £550m from other organisations and businesses.
Cllr Tony Thomas, Denbighshire’s lead member for Housing, Regulation and the Environment, said:
“This funding will enable the Council and Pennaf to undertake further improvements to housing in the West Rhyl Regeneration Area and build on the success of the earlier property acquisition programme undertaken by the Council and the investment in new homes which was recently recognised as the best regeneration project of its size in the UK-wide Inside Housing awards. It will also contribute towards the delivery our Corporate Plan priority to provide affordable homes in the county.”