JV North reveals members invested over £100m in building new homes last year

SOCIAL housing consortium JV North invested over £100 million into building new homes in the 2018/19 financial year, its latest figures reveal.

The year saw the organisation’s members complete a total of 758 new homes across the North West.

Funding, derived from members with grant support from Homes England, was used to start 613 new homes as part of the final year of the 2015/18 Affordable Homes Programme, and the ongoing 2016/21 Shared Ownership Affordable Homes Programme.

“The figures underline the determination and urgency with which members are addressing the growing demand for affordable housing in our communities,” said Wayne Gales, chief executive of Weaver Vale Housing Trust, who serves as JV North’s chair.

“The need to identify land, design schemes and build homes has never been more important as waiting lists continue to grow. Completing over 750 homes in the year is a great success story for tenants who now have modern, energy efficient, warm homes to enjoy.

“That said, we must continue building at pace and have a large programme to deliver by 2021 and are already planning for delivery beyond this date.”

JV North is building over 4,760 homes in the 2016/21 Shared Ownership Affordable Homes Programme, with its members investing £452 million, supported by Homes England grant funding of £138.9 million.

Its members consist of Community Gateway Association, Liverpool Mutual Homes, New Charter Housing Group, One Manchester, Sovini, Torus, Trafford Housing Trust, Weaver Vale Housing Trust and Wythenshawe Community Housing Group.

Collectively, they manage over 114,500 homes.

NH

Main Image: Weaver Vale Housing Trust’s new Croft View development in Barnton, Cheshire.

 

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