Fareham Borough Council has successfully bid for £1.3m in government funding to help build over 100 new affordable homes during the next year.
The funding was secured from the Homes and Communities Agency's Affordable Homes Programme. Most of the £1.3m will go towards the building of 65 new affordable homes, including:
The Council is already building Collingwood Court, a 40 apartment sheltered housing scheme for older people in the Highlands area of Fareham. This is due for completion in early 2015.
Executive Member for Health and Housing, Councillor Brian Bayford said: "This is the first time in over 35 years, that there will be more than 100 new affordable homes built in Fareham in a year. The total investment of over £13m shows the commitment that the Council has to making sure that local people have access to quality affordable housing."
In January of this year the Homes and Communities Agency launched a new £1.7 billion Affordable Homes Programme to help fund the development of new affordable homes up to 2018.
The Council is a recognised development partner of the HCA and as such we were eligible to apply for funding through this programme. A bid was submitted in April requesting funding of £1.3 million to support the development of 65 new affordable homes.
This week the government announced the allocation for the first funding round. This has seen around half of the £1.7 billion pot allocated nationally. The Council was successful in securing all the £1.3 million requested.
For Further Information Contact:
Roy Brown, Customer Engagement Manager, tel: 01329 824409
fax: 01329 821518, e-mail: email@example.com
This and previous media releases can be viewed on the Council's website: www.fareham.gov.uk/pressreleases
Keep in touch on the go
'Like' us on Facebook
'Follow us on Twitter