The current economic climate is doing little to help families looking for their own home. To get a 90% mortgage on an average priced home requires an income of more than £40,000. We are working with our local authority partners to help meet the growing demand.
Our properties portfolio include apartments and starter homes for couples and singles, larger family homes and sheltered and supported accommodation to help older people and those with disabilities.
It is important to us that our homes are not only affordable to rent, but also affordable to run. Sustainability is key and we work to find environmentally-friendly solutions that reduce the costs of living.
Some of our latest projects include:
South Street, Swanwick
South Street is a redevelopment of a brownfield site to provide high quality affordable homes.
The site was previously home to older style bungalow accommodation which no longer suited the modern lifestyles of elderly residents.
We worked with existing residents to find them alternative homes in the area and helped them to manage and cover the costs of moving.
The new scheme better reflects the demands for affordable housing in the area - providing a mix of bungalow and family accommodation. By making better use of the site we have been able to increase the number of homes.
The bungalows are now fully accessible for residents with limited mobility, with wider doorways, lower light switches and assistive technology installed.
The new site comprises 11 bungalows and 26 houses. Among the new residents are two former South Street residents who have returned to take up the new accommodation at the site.
Pottery Cottages, Codnor Park
Our work to provide eco-friendly homes at Codnor Park delivered extra benefits for the local community.
We stepped in after the economic downturn forced the private developer behind the scheme to stop work.
Having agreed to provide the six, three-bedroom homes for affordable rent, we supported the developer to complete the scheme and to take on an apprentice to boost local employment.
All the homes at Pottery Cottages exceed level 3 of the Code for Sustainable Homes and the build programme significantly exceeded all targets set by the team for sustainability. This included achieving 100% for recycling waste by making use of bio-mass energy.
Mount Street, Heanor; Kirk Close, Ripley
We are now on site at two schemes being developed in partnership with William Davis Limited.
The homes include 10, two-bedroom houses at Mount Street, Heanor and six, three-bedroom houses at Kirk Close, Ripley.
All the properties will be offered for affordable rent via Futures Homescape.
Investment in the schemes totals £2,094,000 and includes more than £900,000 of grant funding from the Homes and Communities Agency, with the remainder being met by Futures Homescape.
Our development programme for 2011/12 includes circa 58 affordable homes at sites across the Amber Valley borough.
Airey Houses, Daventry and District
We have 5 rural sites across Daventry and District where the current Airey construction houses are being demolished to make way for new affordable family housing. The demolished sites will provide 35 new homes and will help to meet the local need of each of the villages and towns by having local lettings policies.
