THERE has been a boost for social housing in the area.
Spire Homes, which is the housing association for Rutland and East Northamptonshire, has announced the areas are set to get 200 new homes a year for the next four years.
Longhurst Group, the parent company of Spire Homes, has raised £250m through the bond markets in partnership with its financial advisors Savills.
The money will be used to build 1,700 new homes across the whole of the Spire Homes area over the next four years.
About 1,300 of the homes will be provided for rent while the remainder will be offered for low-cost home ownership or part-buy, part-rent to help people wanting to get a foot on the property ladder.
Julie Doyle, who is managing director of Spire Homes and deputy chief executive of Longhurst Group, said: “This investment is fantastic news for local communities in Northamptonshire and Rutland.
“As a group, Longhurst is committed to doing everything possible to ease today’s housing crisis and increase housing supply for future generations.
“Demand for affordable housing is already high, and as the impact of the economic situation and welfare reform starts to bite, we expect to see an even bigger rise.
“We look forward to welcoming residents to their new homes and working with partners to develop new, thriving communities.”
Spires Homes has also announced that it has employed Apollo Services, which now looks after repairs in Northamptonshire and Rutland.
Following consultation with tenants, the repairs hotline, which can be reached on 0300 123 66 11, will be open longer, appointments will be offered in time slots and repairs will be completed within 10 days and by agreed appointment.
Apollo will also look after Spire Homes’ void properties to make sure that empty homes meet the relet standard before new tenants move in.
Longhurst and Havelock Homes, also a member of the Longhurst Group, has announced it is making good progress on building nine affordable homes in Langtoft, of which eight will be for rent and one for shared ownership.
It is one of four sites in Lincolnshire where homes are being built with support from the Homes and Communities Agency.