600 'affordable' homes coming to Manchester after £47m investment
Published by Anonymous for 24dash.com in Housing and also in Central Government, Development
Manchester City Council calls for rent reduction 'for all social housing tenants'
A £47 million investment package is due to bring nearly 600 'affordable' homes to Manchester.
The city council has successfully supported 37 bids across 43 development sites as part of the Homes and Communities Agency’s (HCA) 2015-2018 Affordable Homes Programme.
The HCA's £11.5m in grant funding has been matched by £35.5m from the city's housing associations.
In total, the £47m investment will build 439 'affordable' homes for rent and 159 homes for 'affordable' owner-occupation.
Cllr Jeff Smith, Manchester City Council’s Executive Member for Housing and Regeneration, said: “In the past few years Manchester has been well ahead of the curve in our innovative thinking to deliver new homes. This is essential to make sure there is enough high quality housing of mixed tenure to support our growing city.
“Affordable homes are an important strand of the city’s housing offer and this funding approval is a real success. We will now work closely with our partner registered providers to best realise the potential of these site identified through the Manchester Place initiative.”