Manchester gets £47m funding to build 600 homes
This will bring £11.5 million of grant funding to the city matched by £35.5 million of funding from Housing Associations. In total, this £47 million of investment into the city, will build 439 affordable homes for rent and 159 homes for affordable owner occupation.
The development sites were identified by Manchester City Council and its partners – including the innovative use of spare and unused infill sites – working with registered providers to ensure the tenure mix of the new homes fits the housing requirement for the location.
Partnerships such as this are at the core of the Manchester Place initiative launched this month by Manchester City Council. The initiative has identified development ready sites across the city and aims to link developers with home building prospects they would otherwise not have access to.
Project planning for the 2015-18 Affordable Homes Programme funding will commence shortly, with the first developments starting on site next year.
Cllr Jeff Smith, Manchester City Council’s Executive Member for Housing and Regeneration, said: “In the past few years Manchester has been well ahead of the curve in our innovative thinking to deliver new homes. This is essential to make sure there is enough high quality housing of mixed tenure to support our growing city.
“Affordable homes are an important strand of the city’s housing offer and this funding approval is a real success. We will now work closely with our partner registered providers to best realise the potential of these site identified through the Manchester Place initiative.”