Funding secured for Trinity first time buyer scheme
- 28 July 2012
- From the section Jersey
Funding for 25 first time buyer homes has been confirmed by the States of Jersey as part of a shared equity scheme.
The States said it would provide a £6m loan for the Trinity First Time Buyers' properties.
The scheme enables people with a parish connection to buy two-thirds of a property, with the parish funding the rest.
A total of 39 family homes and four over-55 properties will be built.
The States said a Trinity connection included living in Trinity, being born in the parish or having parents or grandparents born there.
The new homes will be built on land donated by Trinity parishioner Meriel Edwards in March 2007 and will be priced according to their size and location.
Building work on phase one of the project, the first 25 properties, is expected to begin in September.