Up to 1,700 affordable homes to be built across the Midlands

Date:

Tuesday 31st July 2012

Developers will increase the supply of affordable homes across the Midlands

An innovative funding deal worth £250m is set to deliver 1,700 new affordable homes across the Midlands.

Longhurst Group, together with their appointed financial advisors Savills, announces that it has raised the funding through the bonds market. The group already owns and manages more than 17,800 affordable homes in the Midlands.

The move is the result of Longhurst Group's determination to ease the housing crisis in the Midlands, where there are around 650,000people on waiting lists for affordable homes.

The new homes will be built over the next four years, with around 1,300 of the properties will be provided for rent while the remainder will be offered for shared ownership to help people wanting to get a foot on the property ladder.

Bob Walder, group chief executive of Longhurst Group, said: "As a key housing provider in the region, we understand the growing demand for affordable homes in towns and villages across the Midlands. As the impact of the economic situation and welfare reform starts to bite, we expect to see an even bigger demand for our affordable homes.

"We are committed to doing everything we can to help ease today's housing and economic challenges and this programme will go beyond the building of new homes. The investment will also create jobs, provide new infrastructure and develop thriving communities where people can put down roots."

New Homes in Midlands

Barrowby Edge
Barrowby Edge, Barrowby Road, Grantham, Lincolnshire, NG31 8SR
NOW AVAILABLE from £182,995
Barrowby Edge can be found to the west of Grantham town centre. Close to rolling countryside and a short drive from Grantham's historical town centre...
Pineham Lock
Pineham Lock, Samwell Way, Northampton, Northamptonshire, NN4 9QJ
NOW AVAILABLE from £254,995
Pineham Lock is a new development overlooking the Grand Union Canal on the edge of Northampton. It offers a great choice for first time buyers and...
Richmond Place
Richmond Place, Great Sankey, Great Sankey, Warrington, WA5 8HD
NOW AVAILABLE from £143,995
Richmond Place is part of our flagship development, Chapelford Village, in Warrington, and with its range of two and three bedroom homes, is perfect...
The Chestnuts
The Chestnuts, Empingham Drive, Syston, Leicester, LE7 2AJ
NOW AVAILABLE from £262,995
The Chestnuts is nestled in the welcoming Leicestershire town of Syston. On the edge of open countryside, it features a range of starter and family...
The Belt, Gainsborough
The Belt, The Belt Road, Gainsborough, Lincolnshire, DN21 1PZ
NOW AVAILABLE from £79,995
The Belt is situated in the busy market town of Gainsborough in close proximity to Gainsborough Golf Club. You will find everything you will need...
Merlin Park
Merlin Park, Wigwam Lane, Nottingham, Nottinghamshire, NG15 7TJ
NOW AVAILABLE from £162,995
In a popular area for families and just a 5 minute walk from the local Hucknall high street, Merlin Park also offers a range of excellent tram, road...
Pipers View
Woodville Road, Stoke-on-Trent, ST3 6DW
NOW AVAILABLE from £126,500
Pipers View is a delightful development of beautiful new homes in Meir, a quiet suburb of Stoke-On-Trent. Designed using a combination of different...
Elsea Park
Elsea Park, Greenacres Drive, Bourne, Lincolnshire, PE10 0FQ
NOW AVAILABLE from £139,995
Situated in the sought-after market town of Bourne, Elsea Park has obvious and immediate appeal. Bourne is a thriving market town on the A15 Lincoln...
Fernwood Village
Fernwood Village, Goldstraw Lane, Fernwood, Newark, NG24 3FF
NOW AVAILABLE from £89,995
Fernwood Village, on the outskirts of Newark, is a peaceful and attractive community offering a range of amenities including local shops, bistro,...
Farndon Fields
Farndon Fields, Farndon Road, Market Harborough, Leicestershire, LE16 9NP
NOW AVAILABLE from £197,995
Whether you are looking for your first home or need room for you and your family to grow, Farndon Fields offers the home to suit you and your budget...
The Lyng
The Lyng, Lyttleton Street, West Bromwich, West Midlands, B70 7SF
NOW AVAILABLE from £147,950
The Lyng is set to transform and rejuvenate this part of West Bromwich. Bringing a range of one, two, three and four bedroom homes to the area, this...
Glenfield Park
Glenfield Park, Kirby Road, Glenfield, Leicester, LE3 8QF
NOW AVAILABLE from £319,995
Glenfield Park is a new development on the edge of Leicestershire village Glenfield. This popular location is a great choice for those looking to...