Council to team up with housing association to build homes for market rent
Published by 24publishing for 24dash.com in Housing and also in Communities, Local Government
Council and housing association to build homes for market rent
The country's largest stock holding council is poised to join forces with a housing association to build homes for market rent.
Birmingham City Council - which owns more than 60,000 homes - is planning to build 400 homes for market rent as part of the regeneration of an estate in the Highgate area of the city.
The council's cabinet will receive a report next week outlining the proposals to develop the homes on the St Luke’s estate.
It plans to work with Willmott Dixon and WM Housing Group - which manages 24,000 homes - to develop the new homes for market rent.
Cllr John Lines, Birmingham City Council’s Cabinet Member for Housing, said: “This innovative approach using private sector funding and public land will enable the development of cleared land in Highgate to bring forward much needed new housing.
“Up to 400 new properties will be built alongside an improved neighbourhood park to serve the local and wider community.”
It says the involvement of WM Housing Group in the partnership also ensures a "comprehensive and professional approach" to the management of the new homes and park.
It says WM Housing is "well placed to provide a new high quality market rented housing offer – setting a new standard for the private rented sector".
Cllr Lines added: “For a long time Highgate has been recognised as a priority for the council, but before now it has not been possible to begin redevelopment following the clearance of poor quality homes.
“I’m delighted that we are now able to provide the key to unlock the development area through working with the Birmingham Residential Development Partnership.”
The partnership will begin working with residents to develop the proposals for the area.