Labour-run Bristol City Council has extend a scheme that has already helped with funding more than 300 new affordable homes for rent to be built across the city.
As part of the Mayor Marvin Rees‘ pledge for Bristol to be building 800 affordable homes a year by 2020, a commitment has been made to make £57m available to provide grant funding to Registered Providers (RPs).
The extended scheme will run for another five years and will help support the delivery of around 1,000 affordable homes for the city.
To date the council has allocated grants totalling £13.1m, which has already delivered 46 affordable rented homes in Bedminster and St George and over the next two years will deliver a further 254 affordable rented homes in Lockleaze, Fishponds, Filwood, and Lawrence Hill.
Councillor Paul Smith, Cabinet Member for Housing, said: “Building affordable housing remains one of the top priorities for the council, and we are looking at all the available options to increase supplies across the city.
“These direct grants have had a significant impact in helping to increase the overall affordable housing supply.”