Social housing consortium JV North has welcomed the Chancellor’s announcement of a new £12bn, five-year Affordable Homes Programme in today’s Budget.
The consortium has Community Gateway, Jigsaw, One Manchester, Sovini, Torus, Trafford Housing Trust, Weaver Vale Housing Trust and Wythenshawe Community Housing Group as members.
JV North is building over 4,550 homes in the 2016/21 Shared Ownership Affordable Homes Programme with members investing £475m supported by £150m Homes England grant.
JV North Chairman Wayne Gales, who is also Chief Executive of Weaver Vale Housing Trust, said: “We wanted financial certainty and continuity beyond 2021 so we can maintain momentum and capacity in the system, we’ve got both as part of a very big programme that is warmly welcomed.
“We’re now keen to learn the finer details, in particular what the multi-year settlement entails, what is deemed affordable, the type of tenures and any other obligations we have to meet.
“We are also encouraged by news of planning reforms to be announced tomorrow (Thursday) because together with £12bn funding it gives us a great opportunity to build more homes better and faster.
“JV North members have worked tremendously hard with colleagues at Homes England over the past few years building 4,550 homes in 2016/21 and our appetite to build together continues to grow.
“As part of our future planning, we will be inviting housing associations, contractors and consultants to sessions to see if they want to join us and shape how the JV North consortium works in the future.
“We will be looking at how to get the best from land-led package deals, make the modular housing concept a reality at scale, improve quality, energy efficiency and work together with partners better.”