Posted on 04 July 2018
Hyde was named yesterday as one of just eight housing associations to form a strategic partnership with Homes England, in a move that will deliver 14,280 additional homes for people priced out of the market.
We have been awarded grant funding worth £95.4 million enabling us to build 1,623 affordable homes for those who really need them.
Elaine Bailey, Group Chief Executive of Hyde said: “We are thrilled that this Homes England grant will allow us to double the number of affordable homes we can build for those who are priced out of the market. We are now able to push forward with a build programme that will make a real difference to people’s lives.
“Hyde operates and builds in areas where the cost of a home is disproportionately out of the reach of ordinary people, so this money from Homes England is crucial in helping them to live in a decent home at an affordable price on a secure tenure.
“Because we already own or are under contract on the vast majority of the land needed to supply these new homes, we can confidently deliver this programme enabling us to fulfil our promise to provide homes for ordinary people in the south east of England.”
The announcement, by Secretary of State for Communities, the Rt Hon James Brokenshire MP, is part of a £590m funding package across eight housing associations and comes only weeks after we bought Charlton Riverside, creating an opportunity to work with partners to establish a vibrant neighbourhood on the Thames frontage, complementing the Royal Borough of Greenwich’s wider regeneration plans for the area.
Ms Bailey continued: “Following our 1,000 home joint venture partnership with Brighton & Hove City Council, yesterday’s announcement sets an enhanced tone for more innovative collaboration between housing associations such as Hyde and central and local government.”