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Over the next few years we have plans to deliver at least 500 new homes across the region, this is in addition to our existing development commitments of 133 homes in Durham, Newcastle, North Tyneside, Northumberland, South Tyneside and Sunderland.
The new homes built will cover a range of tenures including affordable rent, shared ownership and rent to buy and will be a mix of property types catering for families, single people and specialist supported homes for people to maintain their independence.
Included in our existing commitments is a forthcoming development in popular West End of Ashington, where 22 new homes and bungalows for rent and shared ownership will be built. We’ll be using the skills and expertise of our own in-house construction division to build these, supported by local contractors and supply chain partners. This follows on from their successfulpilot programme during 2016-2018, which delivered 51 new homes.
Our existing commitments represent an investment of over £14m in new affordable homes for the North East, with £2.1m of funding support coming from Homes England.