81 more affordable homes to be built in Norfolk by trust
PUBLISHED: 10:59 11 July 2017 | UPDATED: 10:59 11 July 2017
A further 81 much-needed affordable homes will be built by a housing association in Norfolk, after it signed contracts worth £9.2m.
Victory Housing Trust, which is based in North Walsham, has signed contracts with construction companies Kier and Persimmon to build the new homes in Blofield, Sprowston and Framingham Earl.
It will bring to 205 the number of homes it is currently building.
In March the trust announced an £80m commitment to build 900 new homes in the five years leading to 2022, completing a new home on average every 2.14 days during that period.
This represents a doubling of the pace at which Victory is building new homes, despite the fact that it was already building at nearly twice the national average rate for social housing providers.
Trust chief executive John Archibald said: “We recognise that there is a pressing need for more affordable homes for local people in the county, and not only have we made a commitment to accelerate our building programme, but this announcement shows that we are putting our money where our mouth is.
“Since we came into existence in 2006 we have already completed 792 new homes; for the first time we now have over 200 new homes in our pipeline; and we continue to look for opportunities to create more affordable housing for the people of Norfolk.”
The announcement will see new affordable homes built in three locations.
Forty new homes will be built by Kier at Blofield, with a contract value of £4.6m. Twenty-five of the new homes will be for affordable rent, with the remaining 15 for low cost shared ownership.
Meanwhile, 33 new homes will be built by Persimmon at Framingham Earl, with a contract value of £3.5m. Twenty-eight of the new homes will be for affordable rent, with the remaining five for low cost shared ownership.
And the eight new homes to be built by Persimmon at Sprowston, with a contract value of £1.1m, will be for low cost shared ownership.
Victory is also currently building in Poringland, Bacton, Sprowston, Roughton, Fakenham, Narborough and Sheringham.
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