Plymouth partnership to build 600 new homes

Plymouth City Council and Plymouth Community Homes (PCH) are to join forces in a new scheme to build at least 600 new homes. 

The city’s biggest housing association and the local authority have teamed up for the agreement which will see construction of an initial 601 new homes, of which at least 444 will be for affordable housing.

The partnership will bring forward £95.7m of investment opportunities with the council providing land and £4.75m of financial assistance through the Plan for Homes.

PCH will bring land and £12.5m of subsidy to deliver 601 new homes, with potential to deliver more homes as the partnership develops and further land and funding opportunities become available.

The homes will include a mix of social and affordable rent, shared ownership and open market sale with a variety of house types including bungalows, flats and family homes.

There will be 292 social and affordable rented, 152 for shared ownership and 157 for open market sale.

‘I am delighted to be able to sign this agreement which I know with prove fruitful over the next few years,’ said cabinet member for housing and cooperative development, Cllr Chris Penberthy.

‘By signing up a formal agreement with our long-term partners PCH, we can ensure that we continue to deliver the right homes in the right locations for the people of Plymouth.’

The chief executive of Plymouth Community Homes, John Clark added: ‘We already have a strong and positive working relationship with the city council and this agreement builds on that.

‘We’re really looking forward to delivering these homes, which will be high quality in terms of design, build and materials and we’ll also seek to explore low carbon opportunities.’

Photo Credit – LUM3N (Pixabay)