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Your Housing Group to benefit from £500m affordable homes funding boost

Your Housing Group to benefit from £500m affordable homes funding boost Nearly £500 million will be spent building more than 11,000 much-needed affordable properties across the country, Communities Secretary Rt Hon James Brokenshire MP has announced today.

The Housing Associations to benefit from the funding – in the third wave of strategic partnerships – are: Bromford, Curo & Swan, Liverpool Mutual Homes & Torus, Longhurst & Nottingham Community Housing Association, Together, Walsall Housing Group, Yorkshire and Your Housing Group.

The funding boost, which will help the government towards its target of building 300,000 properties a year by the mid-2020s, was announced at the London First Building Summit this morning. The strategic partnerships, agreed by Homes England from Essex to Eccleston, will give the successful housing associations the freedom to spend the money on the developments where it can have the biggest impact.

Communities Secretary Rt Hon James Brokenshire MP said: “Our £500 million funding boost for housing associations will help them build thousands of extra affordable homes – including properties for social rent. “These measures are all part of our plans to deliver 300,000 homes a year by the mid-2020s.”

Homes England Chairman, Sir Edward Lister said: “I welcome the new strategic partners who share our ambition to build better homes faster. “Our new ways of working with the sector means that housing associations can use their funding flexibly across their development programmes and respond quickly to local housing demand and a changing market.”

Brian Cronin said: "To be selected as a strategic partner allows us to stand alongside Homes England to fulfil our joint ambition to provide affordable new homes for the communities we serve. This funding will enable a paradigm shift in our delivery of new homes across the North West. In Greater Manchester the grant will support 450 much-needed new homes in the boroughs of Wigan and Bolton and we are also looking to build a significant number of affordable homes in Liverpool and Cheshire. We look forward to working in partnership with the national housing body to play our part in meeting the Government’s housing aspirations.”

Homes England is the new housing delivery organisation that has been created to adopt a more commercial approach to respond to the long term housing challenges facing this country. The new, expanded agency will play a far bigger role in investing in supply and intervening in the market to help deliver 300,000 homes a year by the middle of the next decade. For more information visit Homes England on Gov.uk