Hundreds of new homes will be built after a Black Country housing group was awarded nearly £40 million.
Walsall Housing Group (whg) has been given £38.7 million which, along with its own £100m investment, will allow it to build around 1,000 homes.
Some of these will be built in other parts of the Midlands, but the group said there would be a particular focus on “Walsall and the surrounding areas”.
All of the properties will be classed as affordable and will be built over the next five years.
The cash will enable the association, which operates in 18 areas, including Walsall, Wolverhampton, Dudley, Cannock, Birmingham, South Staffordshire and Telford, to accelerate its development programme further.
The extra homes are in addition to the 500 new properties whg is already planning to build each year between now and 2024. They will be a mix of tenures including properties for rent and shared ownership.
Gary Fulford, chief executive of whg, said: “We are absolutely delighted to have been announced as a strategic partner of Homes England.
“This new funding will be matched with £100m from our own resources and allows us to build on the ambitious development programme we are already delivering across the West Midlands. This gives us the opportunity to play an even bigger role in addressing the housing crisis we face.
“We are working hard to identify where these new houses will be, and our focus is very much on Walsall and the surrounding areas.”
The housing group was one of eight to be awarded funding by the Government.
Housing secretary James Brokenshire said: “Our £500 million funding boost for housing associations will help housing associations build thousands of extra affordable homes – including properties for social rent.
“These measures are all part of our plans to deliver 300,000 homes a year by the mid-2020s.”
Sir Edward Lister, Homes England Chairman, said: “I welcome the new strategic partners who share our ambition to build better homes faster.
“Our new ways of working with the sector mean that housing associations can use their funding flexibly across their development programmes and respond quickly to local housing demand and a changing market.”
Source: Express and Star