Home > housing, regeneration > Building up community foundations

Building up community foundations

DESPITE the biggest slowdown in the housing market for a generation, Keepmoat Homes continues to build for North East communities.

Partnerships with local councils and social housing providers mean that the construction of homes for sale, rent and shared ownership is being maintained on a dozen sites from Teesside to Tyneside.

And although the market remains challenging, Keepmoat Homes North East believes it will exceed its revised construction targets for 2008/9, with more than 275 homes being completed, of which more than two thirds are for the private market.

The main focus is in Durham, where the company builds on behalf of Durham Villages Regeneration Company (DVRC) – a partnership between parent company Keepmoat and the City of Durham Council. Work has recently started on sites in New Brancepeth, Ushaw Moor, West Rainton and two developments in Bowburn amounting to more than 200 properties and a financial investment exceeding £20m.

Partnerships with Three Rivers, NomadE5 and Durham Aged Minerworkers Housing Associations will create 80 affordable homes for rent and shared ownership.

Managing director of Keepmoat Homes North East Richard Bass said: “Our commitment to these sites will ensure that local people get quality homes and help to restore confidence and community spirit.

“Through this initiative we aim to provide sustainable new properties and community facilities, creating neighbourhoods where people are proud to live.”

City of Durham Council leader and DVRC chairman Coun Fraser Reynolds said: “This continues the drive to provide affordable homes in Durham which is allowing people to stay in the local community.

“So far we have delivered nearly 270 homes for rent to those on the housing waiting list and almost 600 more have been bought – the vast majority by either first time buyers or people living within 10 miles of the new developments.” The social homes programmes have been granted more than £4m by the Homes and Communities Agency.

In addition, Keepmoat Homes has succeeded in a bid for the Government’s new Homebuy Direct scheme. Through this initiative up to 30% of the cost of a new home is provided to buyers, free of charge for up to five years or until they move, whichever comes first.

The HomeBuy Direct scheme is available on 64 homes on six sites at High View at Blaydon, Mandale Park at Thornaby, Hardwick Green at Stockton, The Willows at Bowburn, Trinity Gardens at North Ormesby and The Croft at Consett.

Visit http://www.keepmoathomes.co.uk

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