South and south west to gain 399 affordable homes in £9m deal
Published by Tina for Spectrum Housing Group in Housing and also in Central Government, Communities
399 NEW affordable homes will be delivered in the South and South West as part of a four year agreement between the Homes and Communities Agency (HCA) and Source Development Partnership.
The HCA has agreed a contract with Source Development Partnership, which will see it deliver a total of:
- 137 new homes across Bournemouth, Poole and the rest of Dorset
- 100 in Cornwall
- 49 on the Isle of Wight
- 21 in Plymouth
- 37 in Hampshire
- 32 in Somerset
- 12 in Wiltshire
- 5 in Devon
- 6 in the West of England
Supported by investment of £9m from the HCA.
The agreement is part of the HCA’s Affordable Homes Programme, which is set to deliver 80,000 new affordable homes across England by 2015. It will strike a major blow for affordable housing provision in the region, where average house prices have been recorded as being almost 12 times the average local salary.
HCA executive director for the South and South West Colin Molton said: “This agreement is great news as it will see much needed new homes delivered in the south and make a significant difference to the local communities in which we work.
“Our local teams have worked closely with Source Development Partnership over recent months to ensure that its programme brings the maximum benefit for local people. But in many ways, the hard work starts now - and we will be focused on ensuring that people in the south see the benefits of our investment over the next four years.”
Jitinder Takhar, Group Director of Development at Spectrum said: We’re really pleased that Source has been chosen as one of the HCA’s partners to deliver new homes over the next four years. These are challenging times and Source will be working hard to find new and innovative ways for developing homes for those in need by sharing our expertise and working together as a partnership of equals. We see our relationship with our key Local Authorities and housebuilders growing from strength to strength, which in itself has many positive outcomes particularly in sustaining communities and helping with employment opportunities.”
Across the HCA’s South and South West operational area*, the Affordable Homes Programme will deliver more than £240m in investment to help build more than 12,700 new homes over the next four years.
Successful bidders for the Affordable Homes Programme were announced on 14 July this year. This programme is being delivered alongside the HCA’s management of former Regional Development Agency-owned sites and its continuing work with local authorities to support their priority projects.