Funding gives green light for 343 new homes
Published by Mark Sibson for Grand Union Housing Group in Housing
A consortium lead by housing provider Grand Union Housing Group (GUHG) has successfully been given the financial go-ahead to build much needed new affordable homes over the next three years following a Government award of substantial grant funding.
GUHG, alongside Howard Cottage Housing Association, North Hertfordshire Homes, Bedford Citizens Housing Association and Welwyn Garden City Housing Association, secured almost £5.1million from the Homes and Communities Agency (HCA) under its Affordable Homes Programme 2015-18.
The announcement has been welcomed by the Group and its subsidiaries Aragon Housing Association, South Northants Homes and MacIntyre Housing Association. In total the Group aims to deliver up to 200 new homes for rent and shared ownership per year.
Alan Humphreys, Group Chief Executive, said: “Once again we are delighted to have been successful in being awarded funding by the HCA. This will allow us to continue to work in direct partnership with the HCA over the next few years to provide more affordable homes.
“While this funding is great news for Grand Union Housing Group and the other housing associations in the consortium, it’s better news still for all the people who will benefit from these much needed new homes being built.”
The aim of the HCA Affordable Homes Programme is to increase the supply of new affordable homes across England.
The GUHG partnership plans to develop the new homes within Bedfordshire, Milton Keynes, South Northamptonshire and Hertfordshire which will tackle local housing need.
The associations are also required to invest their own resources alongside the grant funding to successfully complete the new developments.
The majority of the homes built will be for general needs, at an affordable rent with some for affordable shared ownership and supported housing.