We have been awarded funding worth £4.8m to develop 150 new homes over the next five years.
The funding, from the Homes and Communities Agency’s Shared Ownership and Affordable Homes Programme is part of wider grant of £36m given to the Blue Skies Consortium, which we are a part of.
The money will go towards our commitment to developing at least 150 homes a year across our operations. We already own and manages 6,500 quality, affordable homes across Lincolnshire, South Yorkshire, Derbyshire and Nottinghamshire.
Specifically, this extra funding will be used to develop a mix of shared ownership and rent to buy properties in Corringham, Caistor and Sturton on Stow in Lincolnshire among others.
The Blue Skies Consortium is made up of 13 housing associations from across the East Midlands, and is one of the top ten developers to receive a share of the £1.28bn funding pot.
Greg Bacon, our Chief Executive, said: “We are delighted to have been successful in this funding bid, demonstrating our long-term commitment to providing affordable homes where they are most needed.
“We’re committed to continually improving communities – whether that’s in the areas where we currently work and help our customers, or new areas of work for us.
“We’re looking forward to developing the new homes, and supporting even more customers towards better lives.”