Sovereign and LiveWest recently secured a Strategic Partnership with Homes England, to build 2,275 new homes across the South West of England by 2024 with £111.5m of grant funding.
Sovereign and LiveWest have ambitions to deliver half of these extra homes in the West of England area, which will be in addition to their existing investment and development programmes.
The two housing associations will also seek to build more of the homes themselves instead of relying on private developers and Section 106 planning agreements.
This will give them more control over developments, including types of occupancy, and pace of delivery. The new homes will be a mix of social or affordable rent, as well as shared ownership, a more affordable way to home-ownership.
Sovereign and LiveWest have ambitions to deliver half of these extra homes in the West of England area, which will be in addition to their existing investment and development programmes.
The two housing associations will also seek to build more of the homes themselves instead of relying on private developers and Section 106 planning agreements.
This will give them more control over developments, including types of occupancy, and pace of delivery. The new homes will be a mix of social or affordable rent, as well as shared ownership, a more affordable way to home-ownership.
News Clip (26/02/2019) by
Nicola Schutrups
(Managing Director)
The Mortgage Hut
023 8098 0304