Most of the money will be spent in the 2020-2021 financial year.
A report from Derbyshire Dales District Council shows that more than £2.2 million, largely raised from housing developers, will be spent on building 127 affordable homes.
This will include the first phase of the council’s own affordable house-building scheme, announced in March, in which it aims to build 50 homes by 2023.
The first phase of its landmark scheme will see seven affordable houses built on district council-owned land – at a cost of £850,000.
Meanwhile, 105 affordable houses will be built through funding from developers and pairing up with housing associations at a cost of nearly £1.4 million.
Here are the proposed areas in which the homes would be built, followed by the number of homes and the amount of money which would be spent:
Ashbourne – 12 homes – £400,000
Bakewell – 30 homes – £80,000
Bakewell – one home – £35,000
Matlock – 60 homes – £500,000
Wirksworth – two homes – £350,000
A report on the topic, to be discussed on Wednesday, October 30, said: “Over the last few years, there has been a rapid acceleration of private developer-led sites in the Derbyshire Dales where the council has successfully negotiated the provision of on-site affordable homes.
“Some of these sites also provide an off-site financial contribution in the form of payments to the council which are then used to support our wider housing enabling activity.
“Insufficient provision of affordable housing to meet local need would risk damaging the council’s reputation and pose a political risk, as local residents, some of whom will be vulnerable, potentially struggle to find suitable accommodation to meet their needs and those of their families.
“The district council’s role is to enable the provision of affordable housing in the district to meet local needs.”
In March, the district council revealed an aim to build and manage 50 homes – with seven finished by 2021, 20 in 2022, and the final 33 in 2023.
The scheme would involve using Section 106 money – given by private developers as part of planning permission – for 28 of the homes, buying and improving four empty houses and building 16 properties on land already owned by the district council.
It will cost the council £6.6 million based on current house prices, with rent expected to bring in £200,000 a year.
Derbyshire Dales punches above its weight for the amount of affordable homes it has helped to see built through housing associations.
In 2018 it saw 110 completed with a further 437 already planned to be built by 2021.