Social landlord raises £10m to invest in new housing
Published by Max Salsbury for 24dash.com in Housing and also in Communities, Development
A social landlord has secured £10 million from private funders to invest in communities in South Wales.
Securing private investment allows Newydd Housing Association to match-fund public monies - with the result that over £15m can be spent on new affordable housing in the Vale of Glamorgan and Rhondda Cynon Taff areas.
Newydd says that the knock-on effect of the investment will be the availability of more construction jobs and work experience opportunities for local people, as well as community benefits from more retail units on Newydd’s developments.
Paul Roberts, Newydd chief executive, said: “We are dedicated to working in partnership with the Welsh government, local authority partners and private funders to invest in communities and are delighted to announce this investment in South Wales. The need for affordable housing is great, however we do more than just provide homes, we offer work opportunities to local people and services to local communities.”