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Deal agreed on plans for 200 new homes
11:00am Tuesday 6th August 2013 in News
NEW homes will be built in Andover after a four-year deal was agreed for north Hampshire.
More than 200 new affordable homes will be developed by Sentinel in the deal agreed between the housing association and the Homes and Communities Agency (HCA).
The £32m programme will see the HCA invest £4m, with the rest provided by Sentinel, to deliver 217 homes on six sites across north Hampshire – including Andover.
Sentinel chief executive Mark Perry said: “We’re doing all we can to tackle the housing crisis and want to help as many people as possible into an affordable home.
“With the average house price in the south east at around £196,000 and set to rise even further – there’s never been a greater need for this type of investment.
“This deal means we can progress our plans to regenerate outdated estates, provide better housing for older people, and increase the number of homes in our more rural areas.
Housing target “Our future development programme remains strong and we’ve set ourselves a target to deliver 2,400 homes over the next six years.”
The funding is part of the expanded £450m Affordable Housing Guarantees Programme, which will support up to £3.5 billion in Government debt guarantees to deliver thousands of new homes.
The programme will deliver more than £220m in investment to help build more than 13,000 new homes over the next three years.
Andy Rose, chief executive of the HCA, said: “We have made allocations based on local priorities, deliverability and value for money, and I am pleased that many more communities will benefit from new affordable homes as a result.
“These homes will add to the Government’s aspiration of 170,000 new homes by 2015.”
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