New Futures to deliver hundreds of new homes in £10m deal.
Affordable housing consortium the New Futures Partnership has signed a contract with the Homes and Communities Agency (HCA) which will see hundreds of new affordable homes delivered across the south of England.
The partnership has been awarded £10 million to develop more than 600 new affordable homes in the South East and South West of England over the next few years.
Under the agreement with the HCA, which runs until March 2015, New Futures is set to build homes for rent and shared ownership in 16 local authority areas: Mendip, Chiltern, Taunton Deane, South Somerset, Sedgemoor, Wiltshire, Test Valley, Swindon, Southampton, West Berkshire, Plymouth, Exeter, Cornwall, Teignbridge, Cotswolds and Bristol.
Of these new homes, almost 180 will be delivered in Swindon and Wiltshire, around 120 will be delivered in Hampshire, more than 90 will be delivered in Somerset and around 70 in Plymouth.
Priority for the shared ownership properties will be given to social tenants, armed forces personnel and people with specific local employment needs. New Futures will provide employment and training opportunities as part of the scheme, mainly through the creation of apprenticeships.
The agreement is part of the HCA’s Affordable Homes Programme, which is set to deliver 80,000 new affordable homes across England by 2015.
Steve Blake, development director for Aster Group, said: “We’re delighted the HCA has chosen to allocate this funding to us and we expect to provide many more homes than this initial allocation will fund.
“The individual businesses which make up the New Futures Partnership have considerable experience of delivering high-quality affordable homes to meet a variety of needs and requirements. We’re thrilled to be bringing that expertise to this project and have already started work.”
Colin Molton, HCA executive director for the South and South West, added: “This is great news for the communities in which we work and for local people who want to access high quality affordable homes in areas where they live and work.
“Our local teams have worked closely with the partnership members over recent months to ensure that their programme brings the maximum benefit for local people. But, in many ways, the hard work starts now, and we will be focused on ensuring that people see the benefits of our investment over the next four years.”
The New Futures Partnership members who will deliver the new homes are: Aster Group, United Housing Association, Elim Housing, Teign Housing, Tamar Housing, Wiltshire Rural Housing Association and Cirencester Housing Society. Over the past three years, the partnership has been awarded more than £57 million in social housing grant funding and delivered over 2,000 new homes.
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(back row, left to right) New Futures partners Jo Reece (Teign Housing), Julie Barnett (Tamar Housing), Alistair Allender (Elim Housing), Lynne Barber (Cirencester Housing Society), Steve Blake and Bjorn Howard (both Aster Group), (front, left to right) Eileen Brown (United Housing Association) and Gill Shell (Wiltshire Rural Housing Association) put pen to paper on the new HCA contract.