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Loddon Homes secures £1.5 million in Government funding to build shared ownership homes

Loddon Homes secures £1.5 million in Government funding to build shared ownership homes

30 March 2017
Photo of an architect drawing

Wokingham Housing Limited (WHL)’s subsidiary company Loddon Homes has been awarded £1.5 million from the Homes and Communities Agency to continue its programme of building social and affordable housing for local people on the housing register on behalf of Wokingham Borough Council.

The funding forms part of a £1.28bn tranche of first round grant awards under the Government’s 2016-21 Shared Ownership and Affordable Homes Programme where contractors and housing associations bid for grants to build affordable homes.

The money will contribute to building 78 new shared-ownership properties over the next four years across Wokingham Borough.

The first new houses and apartments will be available for people to part buy and part rent at several sites in Wokingham itself including Elizabeth Road where two houses are being built, Barrett Crescent where two two-bedroom houses are being built and Norton Road, a mixed tenure development of nine affordable rental and shared ownership two-bedroom apartments and houses.

Bill Flood, Managing Director of Wokingham Housing Limited said: "I am delighted that Loddon Homes has received this grant which will enable us to continue to deliver much-needed new housing for people in the Wokingham Borough.

"We have already secured planning permission to develop some of these new homes and building has started which is good news as we strive to meet the housing needs of the local community, in this instance, people wanting to own their own home, but couldn’t otherwise afford to do so."