Saturday, 21 October 2017

YMCA fund growing

AN appeal to buy housing for young people in Henley has raised more than £210,000 so far.

AN appeal to buy housing for young people in Henley has raised more than £210,000 so far.

The Henley YMCA wants to buy the lease on the 31 flats at its Lawson Road complex, which has been valued at £566,500.

The charity launched the appeal to raise £300,000 of the total, with the rest hopefully coming from loans and grants, and has until the end of March 2017 to complete the purchase.

Trustee Julian Brookes, who is Henley’s Deputy Mayor, said the majority of donations had come from trust funds and benefactors.

Councillor Brookes is to ask South Oxfordshire District Council for a £170,000 loan while Henley Town Council will consider giving £100,000 if the target is not reached. The YMCA may also use £50,000 from its reserves.



The move comes after YMCA England announced that it is exiting housing and is selling the property it owns.

The Henley branch owns the land in Lawson Road but not the 21 studio flats and 10 one-bedroom flats.



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