A consortium of housing providers says it has delivered 15% of the North West’s social housing properties over the last year.
JV North, which is made up of nine full members across the region, has claims to have significantly grown the size of its development work in the past 18 months, with its performance during the course of the 2018/19 financial year continuing that trend.
In the 2016/21 Shared Ownership Affordable Homes Programme, JV North is building over 4,760 properties in total with a range of tenures offered.
The increase comes after additional grant bids were successfully made to Homes England via its Continuous Market Engagement (CME) programme.
Overall, JV North has secured £138.9 million of funding from Homes England with members investing £452.5 million in the 2016/21 programme.
“Members have a growing appetite to build homes and are making excellent use of Homes England’s CME to access more grant funding,” said Wayne Gales, chair of JV North.
“The consortium’s ambition aligns with the aspirations of Homes England’s recently released five-year Strategic Plan.
“With the uncertainty around Brexit, members are now looking to submit further bids for forthcoming schemes as soon as possible to secure grant.”
JV North members Community Gateway Association, Jigsaw, Liverpool Mutual Homes, One Manchester, Sovini, Torus, Trafford Housing Trust, Weaver Vale Housing Trust and Wythenshawe Community Housing Group also received greater freedom in the way it operates.
“We have an excellent relationship with Homes England and made it a successful offer to reshape our current arrangement, so we have more flexibilities,” Gales added.
“This means having the ability to switch tenures and drawing down a bigger percentage of grant at the start on-site stage so we can deliver more homes in our communities.
“With just over two years left in the current Shared Ownership Affordable Homes Programme, we now urgently need certainty about future grant funding so we can commit to building more large-scale developments, which due to their size, will be completed after 2021.”
Main Image: Village 135 from JV North member Wythenshawe Community Housing Group