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Government gives Bellway nearly £11m to build new homes

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Government gives Bellway nearly £11m to build new homes

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Published by 24publishing for 24dash.com in Housing and also in Central Government, Communities, Local Government

Government gives Bellway nearly £11m to build new homes Government gives Bellway nearly £11m to build new homes

Bellway Homes has been awarded nearly £11m to build 733 homes by the Homes and Communities Agency (HCA) as part of the Government's Affordable Homes Programme (AHP).

The housebuilder - which is believed to be in discussions with the Tenant Services Authority (TSA) about registering  a social housing subsidiary - has been awarded £10.8m to build 612 units in London and 92 in the East and South East.

Its affordable housing subsidiary Bellway Housing Trust works with social landlords on mixed tenue schemes.

The HCA's AHP aims to deliver up to 80,000 new homes by 2015.

Private developers were allowed to bid for funding if they entered into a partnership with a housing association.

Once the homes are completed, the developer will hand over both management and ownership of the homes to their partnering provider.

The HCA estimates that up to six per cent - more than £100 million - of the funding available through the £1.8bn programme will go to private developers.

A spokesman from the HCA has said previously: "It enables smaller registered providers or those that can’t form a consortium another route to access funding and maximises the delivery of new affordable homes. It demonstrates the good work and benefits of linking public and private sector organisations to increase the supply of new homes.

"Private developers form a small – but important – part of the programme."

Other private developers involved in the programme include Persimmon Homes and Galliford Try.

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