Raglan rewarded with extra grant funding from HCA
Raglan has announced plans for 51 new properties within its Affordable Homes Programme (AHP) after receiving almost £1m of additional capital funding from the HCA.
The new homes - to be built in Bournemouth, Sedgemoor, Taunton Deane and Weymouth and Portland – will be a mix of general rented and affordable ownership properties.
Raglan has already received funding to build 552 homes by 2015 under the AHP programme and, because Raglan is making such strong progress with the existing programme, the HCA has made available the additional grant to supply more.
Richard Stevenson, Raglan’s Business Development Director, says he’s delighted at the news: “This is in effect, a ‘reward’ to Raglan for our good progress with the AHP programme and underlines our ability to out-perform others in the sector.”
Raglan will work with a range of build partners to deliver the new properties, which will all be complete and ready for occupation by March 2015. This builds upon Raglan’s growing development programme in the south west, south east and east midlands.
Richard adds: “It’s a fantastic boost to our aim of becoming one of the UK’s leading social housing providers. These will all be modern, high quality homes in areas where there is an identified need and buoyant market.”
Raglan Sign Framework Agreement with HCA to deliver 552 Affordable Homes
This news follows our announcement in July 2012 that we would deliver 552 new affordable homes across the South West, South East and the Midlands as part of a four year agreement with the Homes and Communities Agency (HCA).
The HCA has agreed a contract with Raglan, which will see us deliver around 100 homes in Bournemouth, Poole & Dorset, 200 in Somerset, 70 in Hampshire, 50 in Sussex and 50 in the West of England, alongside new schemes in Wiltshire, Reading and Bedford. This will be supported by investment of approximately £7.4 million from the HCA.
The agreement is part of the HCA’s Affordable Homes Programme, which is set to deliver 80,000 new affordable homes across England by 2015.
Most of the investment will support new homes on identified sites, however 157 homes will be provided inlocations which are to be agreed as part of the four-year programme.
Find out more about some of our recent projects on our Building Homes page.