East Cambs CLT sees its first tenant move into Montgomery House on Barton Road, Ely
Mon 17 Sep 2018
The development, built in partnership with Palace Green Homes, will now provide a genuinely affordable home to a local resident at below market value rent. The one bedroom apartment is one of two properties available for local people with strong connections to Ely, who cannot afford to pay the high levels of rents in the local area. The second one bedroom flat is available as shared ownership property.
Both properties will be managed by EC Community Housing and will be community owned assets protected by a legal asset lock and from the right to buy. The homes will remain affordable and will be kept in perpetuity for the local community. Over time, the properties will generate surpluses for the CLT to re-invest back into future projects to benefit the local community.
Montgomery House Interior. Copyright Richard Fraser Photography
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