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City on Track to Deliver Nearly 600 new Affordable Homes

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City on Track to Deliver Nearly 600 new Affordable Homes

Leicester is on track to deliver almost 600 new affordable homes within two years, according to a city council report published today.

The report – which will be presented to the council’s Housing Scrutiny Commission on Tuesday, 25 February – outlines the progress made to deliver 587 new affordable homes in the two years from 2013 to 2015.

The council expects to see 152 new affordable homes for the 12-month period up to March 2014. Construction of 81 of these new homes is already completed.

An additional 435 new homes are expected to be delivered in the following year.

This bumper delivery has been made possible by a £14.7million package of funding from Leicester City Council plus additional funds from local housing associations and the Homes and Communities Agency (HCA).

Around £11.6million of the council’s package has now been committed to the two-year delivery plan. This has helped attract around £44milllion of outside investment, bringing the overall value of the programme to around £59milllion.

Cllr Andy Connelly, Assistant City Mayor for Housing, said: “This is good news for local people. Through close partnership working we have been able to provide sufficient funds to help deliver hundreds of new affordable houses in the city.

“We are on track to complete the building of over 150 new homes this year, and next year’s supply of 435 additional new homes will be the largest in recent years.”

Cllr Paul Newcombe, chair of the housing scrutiny commission, said: “This is a very welcome report and its promise of hundreds of new affordable homes. This will play a significant role in helping to find homes for people on our housing register.”

The remaining £3million of the council’s funding package is expected to be committed to projects over the coming months.