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Social housing consortium to deliver 2,000 homes after £35m HCA grant

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Social housing consortium to deliver 2,000 homes after £35m HCA grant

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Published by Max Salsbury for 24dash.com in Housing and also in Central Government, Finance

Social housing consortium to deliver 2,000 homes after 35m HCA grant Social housing consortium to deliver 2,000 homes after 35m HCA grant

Image: Money via Shutterstock

A social housing consortium says it will build nearly 2,000 homes after being awarded £34.8 million in the Homes and Communities Agency's funding allocation round yesterday.

Jv North's allocation is the second highest in the country outside of London, with the funds coming from the £1.7 billion affordable homes programme 2015/18 budget.

The funds will see 1,745 homes built by JV North's members, who own more than 73,000 homes between them, over the next three years.

JV North chairman Nigel Wilson, who is also chief executive of Wythenshawe Community Housing Group, said: “We made a strong and ambitious bid to deliver just under 2,000 units which is more than double our 905 in the 2011/15 programme.

“We were confident because we also built a further 576 homes under the affordable homes guarantee programme so have a proven track record and 80 per cent of our bid was firm - our members either own the land or have planning permission.

“Our bid included 288 shared ownership units simply because there’s demand for it in a lot of the communities JV North operates in.

“The sector is now delivering to a changing market and exploring different options to make our housing offer more attractive to residents, especially as we’re competing with schemes such as help to buy.

“It is great news for people who live in the communities where our members manage homes because the grant will help address housing need and also allow us to offer local work and apprenticeships like we did in the first round.

“Modern, energy efficient homes will be built and it will allow us to extend the range of tenancy options making housing available to more people in our neighbourhoods.”

JV North is a joint venture company formed in 2007 by the following housing associations: Aksa Homes, Community Gateway Association, Eastlands Homes, Gedling Homes, Helena Partnerships, Liverpool Mutual Homes, New Charter Housing Trust Group, Trafford Housing Trust, Weaver Vale Housing Trust and Wythenshawe Community Housing Group.

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