Some good news for Manchester on the housing front as £47m of funding success announced this morning will see nearly 600 affordable homes built across the city.
Thirty seven bids across forty three development sites in the city were made as part of the Homes and Communities Agency’s (HCA) 2015-2018 Affordable Homes Programme.
£11.5m of grant funding to the city will be matched by £35.5 million of funding from Housing Associations. In total, this £47m of investment into the city, will build 439 affordable homes for rent and 159 homes for affordable owner occupation according to the council.
By far the most successful was the Wythenshawe Community Housing Group which over 13 sites will build 177 affordable rent, 82 shared ownership and 30 outright sale
Project planning will commence shortly, with the first developments starting on site next year.
Cllr Jeff Smith, Manchester City Council’s Executive Member for Housing and Regeneration, said: “In the past few years Manchester has been well ahead of the curve in our innovative thinking to deliver new homes. This is essential to make sure there is enough high quality housing of mixed tenure to support our growing city.
“Affordable homes are an important strand of the city’s housing offer and this funding approval is a real success. We will now work closely with our partner registered providers to best realise the potential of these site identified through the Manchester Place initiative.”