Social housing given �36m boost

A deal has been brokered which will see £36m invested in social housing for Wiltshire and Dorset.

The Homes and Communities Agency (HCA) is funding the deal between 15 housing associations in South West England and developer Persimmon.

The agreement will see the HCA pay for social housing on three sites and for Persimmon to increase the proportion of cheaper homes on each development.

The finished homes will be handed to housing associations for management.

Future projects

All the new homes will be built to reach the HCA's minimum environmental standard for sustainable homes.

Colin Molton, regional director of the HCA in the South West, said: "We recognise that present housing market conditions are very challenging for many of our commercial development partners.

"As a consequence, we are keen to ensure we do all we can to help continue the provision of affordable homes."

This deal, combined with a recent agreement with Barratt, means that the Source Development Partnership of housing associations is on course to provide about 2,500 homes over the next three years.

The HCA is the single, national housing and regeneration agency for England.

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