Rochdale Boroughwide Housing has committed £25m to new homes, green space, and infrastructure in the town centre as part of a five-year investment plan.
The funds have been pledged in the mutual housing society’s corporate strategy, which includes plans for affordable homes across the borough. RBH has recently started on site to develop 25 new homes for shared ownership in Hollin, Middleton.
The £25m commitment follows a £22m investment in repairs to existing homes in the association’s portfolio during the 2017/18 financial year. The company currently manages around 13,000 homes, and has delivered 150 new houses and flats since 2012.
Aside from new homes and improvement to existing houses, the £25m will be used to create walking and cycling paths as well as green infrastructure at sites in the borough.
Upcoming investments include a plan to overhaul the Lower Falinge estate with improved homes and green spaces.
The first phase completed in 2015, providing 26 new homes, and work on 19 rented homes is currently under way.
RHB chief executive Gareth Swarbrick said: “Unlike other housing providers we’re solely focused on Rochdale borough, so we’re committed to supporting the local economy, by using locally based businesses where we can, as well as helping to create new job opportunities for local people.
“We also want to make sure that Rochdale is the best possible place to live and grow old in, so we want to modernise our services to make sure that we can provide extra support to those who need it most, making sure that our older tenants can remain independent in their own homes for longer.”