Affordable homes in London

Housing provider A2Dominion reports that the first phase of its new £4.4m affordable homes development, which got underway last month, will feature 23 new homes for shared ownership (part-buy part-rent) and is due to complete in summer 2011.

The second phase of the scheme, located on Beavers Lane in Hounslow, west London, will include a further seven shared ownership apartments is set to be finished early 2012. There will be 30 new build affordable homes in total.

However, the regeneration project as a whole will see a total of 190 new homes built, including homes for affordable rent and private sale. The Beavers Lane site was previously home to four blocks of housing, which were demolished earlier this year due to extensive structural problems.

A2Dominion is working on the regeneration project with Hounslow Homes, the London Borough of Hounslow and United House. A2Dominion was awarded grant funding of £1.65m from the Homes & Communities Agency.

David Price, A2Dominion's Regeneration Director, said: "We're pleased that building work is under way on our shared ownership apartments. These new affordable homes will help to meet housing need in Hounslow, being aimed at local people who want to get on the property ladder but cannot afford to buy a home on the open market. The shared ownership homes play an important part in the regeneration project, which will deliver a range of housing options."