Social housing JV to commit £200m
SOCIAL housing consortium JV North is spending nearly £200m building almost 1,800 new homes over the next three years.
Its members will invest £161.9m during the Government’s 2015-18 Affordable Homes Programme which committed £34.8m to the joint venture in July – the second highest award outside London.
In total, 1,745 homes will be built with 1,493 made available at affordable rent rates and 252 offered as shared ownership.
Its members include 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.
Liverpool Mutual homes will build 554, Helena Partnerships 394, Wythenshawe Community Housing Group 259, New Charter Housing Trust 205 and Trafford Housing Trust 121. Preston’s Community Gateway will develop 110, Gedling Homes in Nottingham will build 39, Aksa Homes 35, Weaver Vale Housing Trust 20 and Eastlands Homes will construct eight.
Chairman of JV North and chief executive of Wythenshawe Community Housing Group, Nigel Wilson, said: “Members of the consortium have proven once again how committed they are to tackling housing demand by supporting the development programme with over £160m of their own money. Along with grant from the Affordable Homes Programme, it will allow us to extend the range of tenancy options making housing available to more people in our communities.
“JV North has a proven track record of delivering high quality housing and the latest HCA grant provides us with another opportunity to build modern, energy efficient homes. The number of shared ownership homes being built is especially welcome and will play a crucial role in helping people get a foot on the housing ladder.”
