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£16m funding boost for affordable housing in Yorkshire

, the biggest developing housing association in the North, has secured £16m of Homes and Communities () grant funding, which will help build 600 much-needed affordable homes across Yorkshire.

These new homes will form part of the association’s ambitious plans to build 1500 new homes in the region during 2015 – 18.

The programme will not only tackle the lack of affordable homes in the area but also boost employment in the region creating an estimated 1,000 jobs.

Yorkshire director of new business and development said:

“We are very pleased to have received an allocation of over £16m from the HCA, when this is combined with our own resources it will allow us to build over £70m of new homes in Yorkshire.

“This is a big boost to the region’s economy and it will provide over 1000 jobs in the area.

“By working with the local HCA office, we are very pleased to have agreed a new programme that works for us and helps to provide new homes at a reasonable cost to the public purse.

“The confidence the HCA have in us to deliver this programme is a reflection of the close working relationship we have built up over the years.”

The National Housing Fedaration Report “Home Truths” identified a yearly shortfall of 16,300 homes in Yorkshire and the Humber.

It also highlighted that while workers in the region have seen the average wage rise by just 25 per cent between 2002 and 2012, house prices have rocketed more than three times as fast – by a staggering 81 per cent.

Yorkshire Housing chief executive said:

“At the moment there are too many people being forced to live in unsuitable accommodation including young adults living with parents, and families living in cramped conditions.

“This is happening because people can’t afford to rent or buy anywhere which meets their needs.

“To tackle this crisis we need to build more affordable homes. We are keen to do our bit, which is why we have are committed to providing 1,500 new affordable homes over the next three years.

Yorkshire Housing manages over 16,000 affordable homes across North, South and West Yorkshire as well and providing a wide range of care and support services. 

Madeley Road press
Madeley Road

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