Clarion Housing Group has acquired a new ten acre site near Mildenhall, Suffolk on which it will deliver 115 affordable homes.
The Group will work with partnership homes developer Lovell to redevelop the land on Aspal Lane in Beck Row into 81 homes for shared ownership and 34 homes for affordable rent, with the first homes expected to be ready as early as the end of the year.
The development – which has a Gross Development Value (GDV) of around £24m – will have a range of homes from one-bedroom flats and bungalows through to four-bedroom family houses, to meet a wide variety of housing needs.
Philip Browne, New Business & Partnerships Director for Clarion Housing Group said:
"We are pleased to be working with Lovell to deliver much-needed new housing for Suffolk.
"At Clarion we aim to deliver 50,000 new homes nationwide over ten years, two-thirds of which will be affordable. Thanks to our financial strength, we have been able to acquire this site and ensure that all of the homes being delivered at this scheme are affordable."
Lovell regional managing director Simon Medler said:
"We’re excited to be joining forces with Clarion Housing to deliver this high-quality scheme which will significantly boost the number of affordable homes in the area. The Beck Row development is set to extend the range of affordable options for the local community, both by helping people into home ownership and by creating new rented homes."
The site comes with planning permission and the development will be completed by late 2020. Clarion Housing Group, which comprises the UK’s largest housing association, owns and manages more than 500 homes in Suffolk.