The Homes and Communities Agency has secured £279.6 million pounds of funding through the government’s latest affordable housing bid round for the North West.
The Shared Ownership Affordable Housing Programme (SOAHP) will see more than 9,500 homes built for either shared ownership, rent to buy or specialist affordable rent, from now until 2021.
Danielle Gillespie, general manager of the Homes and Communities Agency in the North West commented;
"Historically levels of shared ownership delivery have been lower in this area, but the reaction to the bid round from both existing and new entrants means we will hopefully start to see a step change in the numbers of shared ownership homes coming to the market. Clearly the economic impact of nearly a £300 million pound government investment will also be felt positively by North West developers and contractors.”
Two new entrants to the shared ownership market are Countryside North West and Kier Living who have each submitted bids for at least 100 homes for sites. Whilst Manchester based First Step who develop both new build and refurbished properties, have also secured an allocation for 136 homes.
In East Lancashire, an area which has traditionally not seen much shared ownership delivery in the past, Together Housing has two schemes at Warehouse Lane, Pendle and Park Avenue in Rossendale. The largest scheme of shared ownership development in the North West, at 101 homes is being delivered by Liverpool Mutual Homes at Dibbin Road in Bromborough.
Specialist Housing has also featured strongly, with a combined bid by Great Places, Mosscare Housing and Wythenshawe Community Housing on behalf of Manchester City Council. The aim is to deliver 100 units of accommodation for people with learning disabilities and people who need support to maintain their independence.
Likewise, in Cumbria, bids were also received for 271 units of supported housing, the majority of which will be in rural areas to provide care for those that need it in their local communities.