Freebridge Community Housing is set to build 375 new homes in west Norfolk over the next five years after securing millions of pounds as part of the government's investment in affordable housing.
Freebridge will receive funding of around £24M from Homes England through the Strategic Partnership 2021 -26 programme to develop properties that will offer a variety of accommodation. It will be working with development partner Longhurst Group,
The allocation is part of Homes England support for homes to help meet local housing needs and Freebridge has said that this will include properties for social / affordable rent and shared ownership.
The 375 new homes account for around half of Freebridge’s development plans over the next five years with the association aiming to build hundreds of further properties.
Paul Newbold, Freebridge’s Director of Development said: “This funding announcement is fantastic news and will allow us to develop and offer many more new homes for rent and to own. We are pleased to be working with our development partner Longhurst Group who have led our bid for funding, and we are looking forward to getting work started on site. In developing these new homes, we will look to work with partners to make sure that we are meeting local housing demand, and helping to address homelessness. And, we will also be able to provide a step on the ladder through shared ownership.”
James Wild MP said: "Increasing the supply of homes to rent and buy is a priority for many constituents which I have raised with ministers. So I warmly welcome this allocation of funding as part of Homes England's new strategic partnerships to deliver new affordable homes"
The allocation is part of Homes England entering into 31 new strategic partnerships with 35 organisations to deliver nearly 90,000 new affordable homes across the country.
