Housing group secures £6.7m to build 195 homes across Durham | believe housing

Housing group secures £6.7m to build 195 homes across Durham

11 January 2017 - Latest news

believe housing has secured £6.7m to develop 195 new homes.

The group has been awarded funding from the Homes and Communities Agency (HCA) that will enable the development of 121 houses for Rent to Buy; and 74 specialist bungalows for affordable rent by 2021.

The Rent to Buy scheme aims to help people step on to the housing ladder by offering affordable homes at 80% of market rent, which will allow residents to save for a deposit at the same time.

Bill Fullen, Group Chief Executive, said: “This announcement marks the beginning of a fantastic development opportunity for the county, bringing much needed homes across 10 separate sites; as well as employment opportunities.

“And we are delighted to be able to add a new tenure to our housing offer through the Rent to Buy scheme, which will help ease the transition from the rental market to the housing ladder for our younger residents.”

Karen Anderson, Area Manager from the HCA, said: “I am really looking forward to the new homes starting to be built, as part of the government’s commitment to increasing housing supply and halting the decline in affordability; crucially improving housing choice for people in County Durham.”

The funding is part of the government’s Shared Ownership and Affordable Homes Programme (SOAHP), which highlights its commitment to extending home ownership and a shared society for everyone.

For more information on believe housing’s work visit www.countydurhamhousinggroup.co.uk.

Photo: Karen Anderson, Area Manager for the HCA, with believe housing’s Director of Assets and Regeneration, Ged Walsh.

latest news

what can you expect from us during the next stages of coronavirus?

believe housing is closely monitoring government guidance on the next stages of the coronavirus pandemic. In line with current guidance, we are planning to resume the full range of services we provide to customers in …

A day in the life of a gas engineer during the coronavirus outbreak

Not everyone who has an essential job to keep us all safe during the coronavirus pandemic is immediately obvious. Gas engineers have a vital job, ensuring that heating systems remain safe at a time when …

Coronavirus funding helps 20 groups in first three weeks

A new fund for communities during the coronavirus lockdown has directly helped more than 1,750 people in just three weeks. The believe housing Coronavirus Crisis Fund was launched last month to provide targeted assistance to communities …

Skip to toolbar