Partnership to create hundreds of new affordable homes
Around 150 new affordable homes per year are set to be built in the Midlands, thanks to our partnership with housing developers Partner.
We have agreed a memorandum of understanding to work together to source land, gain planning permission, and build about 150 homes per year.
The developments - which potentially could be anywhere in the Midlands - will include much-needed affordable rented homes, as well as shared ownership properties to help first time buyers get onto the property ladder.
Midland Heart and Partner already have a strong track record of working together to build high quality affordable housing, just last month welcoming our first residents to a new £8.5m joint development at Bagworth in Leicestershire.
Our Chief Executive Glenn Harris said: “This is an important new agreement that further cements our already very strong relationship with Partner.
“As a social housing landlord, capitalising on the expertise and resources of an established and respected developer is crucial to helping us realise our ambition to build 3,000 new affordable homes by 2024.”
Only last week, Partner’s parent company Fastflow announced it was joining forces with United Living. This will make Partner even better equipped to help meet the UK's growing demand for housing – particularly affordable homes.
Leigh Cresswell, Managing Director of Partner, added: “We are delighted to have secured this agreement with Midland Heart to help deliver new homes across the Midlands.
“The news comes at a very exciting time for our business as the Fastflow Group and United Living combine to increase the group’s capacity to support its clients to provide new and well-maintained housing.”
Glenn is pictured with our Chairman John Edwards and, right, Neil Armstrong, CEO and Chairman of Fastflow Group.