Conservatives continue to tackle Lib Dem’s failures with more housing for key workers and young professionals
Kingston Conservatives have taken a major leap forward in providing accommodation for key workers and young professionals with the creation of a council run property company that will prioritise housing and help Kingston residents find a home.
The decision to create a Council run property company called the RBK Property Company, was taken at a recent meeting of the Council's Treasury Committee. Revenue received from the property company will help enhance the economic, social and environmental well being of the borough and produce a commercial return to the Council. To make the housing more affordable to key workers and young professionals, the Council will provide housing at rental rates below the current market levels meaning more residents will be able to achieve the dream of having a home.
With a growing commercial portfolio and a rising demand for housing in Kingston, the RBK Property Company is a significant step forward to ensuring the long term prosperity of the Borough. Upon entering the Council in 2014, local Conservatives found the Council in a mess with no clear economic approach. Matters were made worse by the Lib Dems not preparing the council nor residents for the austerity to come, and creating a housing crisis, which damaged residents.
Despite inheriting the Lib Dems budget mess, Kingston Conservatives have been working hard to create extra revenue streams to better assist the council in its work. It is only through a combination of bold new approaches and existing schemes that we’ll be able to create a brighter, better Borough for our residents.
Councillor David Cunningham, Portfolio Holder for Growth and Regeneration said:
The RBK Property Company is a great initiative that will really help the Council and those who want to have their own home. Key workers and young professionals often find it difficult to find housing yet the property company will prioritise these residents and make housing and the practice of renting more affordable for them.
Councillor David Glasspool, Treasury Portfolio Holder said:
Local authorities across the country operate in extremely challenging environments, with tighter budgets and less money to spend. So we’ve had to find smarter ways of raising money and the RBK Property Company is an important step forward in helping residents get onto the housing ladder and ensuring the long term prosperity of the Borough.