JV North member first to drawdown 2015/18 AHP funding

JV NorthNews

JV North member, Eastlands Homes, has become one the first in the UK to drawdown funding from the 2015/18 Affordable Homes Programme.

How Eastlands Homes' Folkestone Road scheme will look once completed

How Eastlands Homes’ Folkestone Road scheme will look once completed.

The 8,000-home landlord was part of the JV North consortium that received £34.8 million in July last year.

Eastlands Homes is building six, two-bed homes for Affordable Rent in Folkestone Road in the Clayton area of east Manchester.

The £790,404 scheme will start on-site next week (23 March) thanks to the early drawdown from the HCA’s 2015/18 Affordable Homes Programme.

The homes will meet Code for Sustainable Homes Level 4 through a fabric first approach focusing on air tightness, good insulation and ‘Showersave’ waste water heat recovery systems.

The development is expected to be completed by Christmas and the homes will be immediately let to local people from Eastlands Homes’ waiting list.

David Williams, Interim Chief Executive at Eastlands Homes, said: “Being the first to claim early drawdown is testimony to our, JV North and the HCA’s appetite to get on-site as soon as possible and deliver homes for local people.

“The Folkestone Road scheme will see high quality, energy efficient homes that will reduce tenants’ fuel bills and therefore save them vital money.”

The news follows JV North members being given the go-ahead to start their 2015/18 development programme that will see 1,745 homes built.

JV North – a consortium of 10 landlords, nine of which are based in the North West and one in Nottingham – has recently completed the legal paperwork with the HCA.

Chairman of JV North, Nigel Wilson, said: “Finalising the legal agreements with the HCA is a significant stage in the process for our members.

“We have seen the importance of good preparation and getting on-site as soon as possible in the 2011/15 programme. Completing this crucial stage means we can now begin in earnest.

“While our focus is finishing the schemes we currently have in round one – 1,075 will be built in total – we are determined to deliver an ambitious but very much achievable programme over the next three years.”