Ten social landlords have jointly received a grant of £87.3m from the Homes & Communities Agency’s Shared Ownership Affordable Homes Programme towards their consortium’s next wave of housebuilding.
Made up of housing associations in Liverpool, Manchester, Nottingham and Preston, consortium members will invest £248.2m of their own funds, taking the overall total to £335.5m. Of the 2,758 homes to be built over the next four years, 1,269 will be for shared ownership, 1,063 for rent to buy and 426 as specialist housing for rent.
Collectively, JV North members manage over 73,000 homes. The members are Aksa Homes, Eastlands Homes, Community Gateway Association, Gedling Homes, Liverpool Mutual Homes, New Charter Housing Group, Torus (Helena Partnerships and Golden Gates Housing Trust), Trafford Housing Trust, Weaver Vale Housing Trust and Wythenshawe Community Housing Group.
JV North chairman, Nigel Wilson, who is also chief executive of Wythenshawe Community Housing Group, said: “We are delighted with the size of the grant awarded which reflects JV North’s strong track record of building homes. The overall investment is more than a third of a billion pounds. This demonstrates our ambition and determination to deliver much-needed new homes in our communities and offer a range of tenures to meet demand.“