Progress to provide 250 new affordable homes
17 January 2012 - Progress Housing Group has secured over £4.8m from the Homes and Communities Agency (HCA) to deliver 205 new affordable homes over the next four years. The funding is part of the government’s Affordable Housing Programme, which aims to deliver 80,000 new affordable homes in England by 2015.
Progress Housing Group has secured over £4.8m from the Homes and Communities Agency (HCA) to deliver 205 new affordable homes over the next four years.The funding is part of the Government’s Affordable Housing Programme, which aims to deliver 80,000 new affordable homes in England by 2015.
The funding will be split between New Fylde Housing and New Progress Housing Association, with New Fylde Housing developing 100 new homes and New Progress 105 homes.
Both housing associations will work in partnership with their local authorities to deliver the new homes and have already commenced identifying suitable sites which they hope to start on site early this year. Both associations will also continue to work closely with private sector developers to deliver a number of affordable housing schemes through Section 106 planning agreements, which enable us to purchase new homes from developers at reduced rates to ensure affordability for tenants.
The HCA funding has been secured through the Riverside Consortium, which is a group of regional housing associations in the region who have joined forces to bid for funding.
Jacqui De Rose, Chief Executive of Progress Housing Group, said:
“We are delighted with this allocation from the HCA, which will allow us to deliver much needed affordable homes for local people.
“The homes will be offered to new tenants at affordable rent rates. Alongside rented homes we will also be offering more shared ownership homes and these will play a crucial role in helping people get a foot on the housing ladder.”