JV North to invest nearly £200m in new homes

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Social housing consortium JV North is spending nearly £200 million building almost 1,800 new homes over the next three years.

Investment

Members – nine in the North West and one in Nottingham – will invest £161.9m during the 2015/18 Affordable Homes Programme.

It will complement the £34.8m grant the consortium was awarded by the Homes and Communities Agency in July.

In total, 1,745 homes will be built with 1,493 made available at affordable rent rates and 252 offered as shared ownership.

Liverpool Mutual homes will build 554 homes, Helena Partnerships 394 properties, Wythenshawe Community Housing Group 259, New Charter Housing Trust 205 units and Trafford Housing Trust 121.

Preston’s Community Gateway will develop 110 homes, Gedling Homes in Nottingham will build 39, Aksa Homes 35 units, 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.”

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