Project 2 - Large scale new build
BHCLT has been working for two years in partnership with Coldean Community Organisation (CCO) to bring forward a community-led housing project in Coldean. It is their most ambitious project to date. BHCLT have already secured £272k in pre-development grant funding, including a 10% own contribution.
BHCLT and CCO are working with landowner Brighton & Hove City Council to secure a 250-year lease on a 3.9 hectare site (with approximately a 2.3 hectare developable area) in Coldean, to develop around 70 homes. The project is currently at early-stage feasibility / planning stages and will entail considerations of a range of delivery approaches, including direct delivery through an appointed main contractor, partnering with an experienced new-build developer, and partnering with the council. Capital raised through the 2020 community share offer would support acquisition of the site, obtain planning and undertake detailed design (in tandem with grant funding) and leverage additional funding to enable delivery. It’s envisaged that a minimum of 60% of the development would be affordable housing.