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Riverside to build more new homes

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Published by Roisin Rowley-Smith for Riverside in Housing and also in Central Government

Riverside is set to build more new affordable homes in a bid to stem the nation’s housing crisis.

The social housing provider is set to receive almost £16 million from the Homes and Communities Agency (HCA), to build 664 new homes, over the next three years. 

Carol Matthews, Riverside’s chief executive, said:  “We are delighted to receive this funding and will continue to work with the HCA to deliver the affordable homes programme.  Although welcome, this allocation is nowhere near enough to address the housing shortage locally and regionally.”

The homes will be for affordable rent and shared ownership for first time buyers, and will be located in the Midlands, North East, Yorkshire, Humberside and the North West.

Carol added:  “It’s really important that we, as housing providers, maintain strong financial reserves in order to deliver our pledge to build more homes.

However, I do welcome this government funding to provide much needed new homes, both to stimulate the economy and the construction industry and start to tackle the housing shortage in the UK.”

Riverside’s allocation is part of a 62,000 homes government building programme, managed by the Homes and Communities Agency, under the first phase of a £23 billion programme to deliver 165,000 new affordable homes in three years, from 2015.

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