YMCA Derbyshire has officially launched a new affordable homes scheme in Derby designed to support young people into independent living.
Gillian Sewell, CEO of YMCA Derbyshire, said:
“Many young people are finding it increasingly difficult to access suitable housing in the private rental market, particularly those with little or no previous tenancy history.
Our aim has always been to make the transition into independent living much smoother, whether that’s from living at home, with friends, or in supported accommodation.
With the right support in place, we expect young people at Foundry Point to be in a strong position to move on to their own homes within one to two years.”
The scheme has been developed in partnership with Nottingham Community Housing Association (NCHA), with funding from Homes England, and responds directly to the growing challenge young people face in accessing the private rental market, particularly those with limited tenancy history.
Our aim has always been to make the transition into independent living much smoother, whether that’s from living at home, with friends, or in supported accommodation.
Gillian Sewell, CEO of YMCA Derbyshire.
Affordable Living Designed Around Young People
Each apartment is offered at £671.66 per month, with broadband and water bills included, helping to provide cost certainty and reduce the financial pressures often associated with private renting.
The development also benefits from excellent access to local amenities and strong public transport links, as well as its proximity to major employers, including Rolls-Royce, Alstom and Vaillant, supporting access to employment, apprenticeships and education opportunities.
Delivering Quality Through Strong Partnerships
Thanks to the support of funders, local individuals and businesses, YMCA Derbyshire has secured additional investment to ensure all apartments are fully furnished and ready to move into, featuring modern interiors, en-suite facilities and high-quality kitchen appliances. Designed to be energy efficient and easy to maintain, the homes enable residents to live independently without the significant upfront costs typically required when entering the rental market.
Foundry Point is a significant investment in Derby’s future. Working with NCHA and Tanbry, we’ve delivered a high-quality development that reflects both the needs and aspirations of young people.
The development has been delivered in partnership with Nottingham Community Housing Association and built to a high standard by Tanbry Construction, with a focus on quality, sustainability and modern living.
Kate Gillespie, Director of Housing and Asset Development at YMCA Derbyshire, who led the project, said:
“Foundry Point is a significant investment in Derby’s future. Working with NCHA and Tanbry, we’ve delivered a high-quality development that reflects both the needs and aspirations of young people.
By offering fully furnished homes with key bills included, we are removing some of the biggest barriers young people face when accessing stable housing and progressing towards independence.”
We are now accepting applications to live at Foundry Point – for further information, visit the Foundry Point webpage.
