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Persimmon to build 1,985 affordable homes
Date:
Wednesday 21st December 2011
New homes developer Persimmon Homes has secured funding from the Homes and Communities Agency (HCA) to construct 1,985 affordable homes across England over the next three years.
Persimmon Homes has been awarded funding of £20.64m to build the new homes as part of the Government's National Affordable Housing Programme (NAHP).
Persimmon Homes is the first major housebuilder to be awarded the funding, which is designed to increase the supply of affordable homes in England.
Dr Ashley Lane, group partnerships director for Persimmon Homes, said the funding was great news for both the business and local communities across England.
"Construction will begin in 2012 and we are currently evaluating a number of schemes throughout England. These schemes will cover Persimmon Homes," said Dr Ashley Lane. "Our objective is to engage with local authorities and housing associations to deliver low cost homes for both shared ownership and social rent."
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