Sanctuary Group reveals plans to deliver 350 new homes across Yorkshire
Sanctuary Group has announced plans to build nearly 350 new properties across Yorkshire.
Construction of the new homes will help first time buyers get onto the property ladder with more than 200 being developed for shared ownership.
Grant funding from the Homes and Communities Agency (HCA), through its Shared Ownership and Affordable Homes Programme 2016 to 2021, will contribute towards the cost of 200 of the shared ownership homes.
Sanctuary has received nearly £90m of funding from the HCA to develop 2,265 affordable homes across England over the next five years. The funding was the largest grant allocation from the HCA under its £1.28bn programme to support the building of 46,534 new affordable homes.
Sanctuary will use the HCA funding, combined with the group’s investment, to build a range of new homes. As well as providing new housing, construction of the properties will help create numerous employment and training opportunities.
Peter Martin, Sanctuary group director of development, commented: “We are delighted to be developing these much needed new homes in Yorkshire.
“Our work in the area forms part of our wider national development plans to build 30,000 homes in England and Scotland by 2026 and help increase housing across the country.”
Rob Pearson, general manager for the North East, Yorkshire and the Humber at the Homes and Communities Agency, added: “This new allocation for Sanctuary is part of the Government’s commitment to increase housing supply and halt the decline in affordability.
“Our funding will improve housing choice for people in Yorkshire and support Sanctuary’s very successful record of delivering more affordable homes for local people.”
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