The North East housing asssociation Beyond Housing has been handed the keys for five new homes on the Coniscliffe Grange development near Darlington.
The five bungalows, which had been made available for shared ownership, have already been purchased by housebuyers.
The bungalows will add to Beyond Housing’s stock as it aims to provide 2000 new homes by 2025.
Kelly Lemon, senior project manager for Beyond Housing, said: “We are delighted with this opportunity to work in partnership with Robertson Homes on this exciting rural development.
“It’s clear from the speed at which these top quality homes were purchased that the shared ownership option is providing a highly popular route onto the housing ladder for increasing numbers of people.
“The scheme is another illustration of our commitment to our ambitious objective of providing 2000 new homes by 2025.”
The Coniscliffe Grange development, in Low Coniscliffe near Darlington, County Durham comprises 37 homes built by housebuilder Robertson Homes which overlook the River Tees.
Beyond Housing has a £975,000 deal with the housebuilder to deliver two further bungalows by March 2022, which will be made available for affordable rent.
The homes have been supported by £273,000 of additional grant funding investment from the government’s housing agency Homes England.
Beyond Housing is one of the largest registered housing providers in the North East and North Yorkshire.
The housing association lets, manages and maintains over 15,000 homes across the two regions, with regional offices in Redcar and Scarborough.