Greater Manchester Housing Provider member, Bolton at Home has strengthened its plans to bring 1,400 new properties to the affordable housing market within five years.
It has signed a new memorandum of understanding with Bolton Council, with both partners pledging to work more closely together to increase the supply and choice of affordable homes.
The agreement was signed as Bolton at Home unveiled its first shared ownership homes. Marketed through its shared ownership brand, Stonecross Homes, the Park Grove development in Westhoughton offers 21 two and three-bedroom homes.
Bolton at Home aims to introduce 1,400 new properties through a mixture of its own new-build developments and acquiring properties from private sector developers and other providers. The plans support the Greater Manchester Housing Providers’ Ambition to Deliver manifesto pledge to build 16,000 new homes over the next five years.
Jon Lord, Group Chief Executive Officer of Bolton at Home, said: “We are fully committed to helping Bolton, and Greater Manchester as a region, increase the supply of affordable homes.
“Park Grove is our first new-build shared-ownership scheme and it recognises people want choice in affordable housing, whether it’s working towards owning your own home or renting a property at a rate you can afford.
Cllr Linda Thomas, Leader of Bolton Council, said: “While we already work closely with Bolton at Home, the agreement we’ve signed will ensure our aspirations to deliver housing growth and regenerate communities remain aligned.
“The new homes at Park Grove look fantastic and offer a great opportunity for local people to get on the housing ladder in a more affordable way. This is the council and its partners taking the lead on dealing with the housing crisis to provide homes local people can afford.”
“We will reinvest the money we secure through shared ownership sales into our housing stock as a whole and regeneration projects that benefit our customers and communities more widely. We plan to provide shared ownership options in other areas of Bolton, which will complement our plans to develop more new-build schemes for affordable rent and supported housing.”