March 12 2014 Latest news:
Tuesday, April 3, 2012
Affordable housing in north Norfolk is set to get a £23m boost with plans to build 144 new homes over the coming 12 months.
The area’s biggest social housing landlord, the Victory Housing Trust, has allocated the huge new budget for the coming financial year.
It will see investment of £16.2m in building new homes, £6.5m improving its existing stock, and £250,000 in adaptations to enable people with disabilities to live independently.
Victory will be seeking sites across north Norfolk for suitable developments, but is already on site at new housing locations in Briston, Holt, Horsford and Fakenham, and has planned starts at three other developments at North Walsham.
Victory chief executive John Archibald said: “We are more than aware that there is a huge demand for more affordable homes right across the north of Norfolk, which is why we have taken the decision to invest so much in the area.
“The targets we set ourselves to provide new homes were always going to be ambitious, building on average one new home every week we have been in existence. We hope that this substantial budget commitment shows that we are very serious about meeting those targets.”
The £6.5m for further improvement work on Victory properties was “in addition to the promises we made about improving homes when we first came into existence,” added Mr Archibald, who said: “We believe that people have a right to a home which is both affordable and decent, and we are committed to continue improving our stock for our residents.”
The money allocated for adaptations was also important as the sum - matched by a similar amount from North Norfolk District Council - was helping people to live independently in their own homes.
Victory will meet its initial target of building 300 new homes by December 2012, and the new wave of cash means it is well on track to meet the target of providing 500 new homes by April 2015 which it set out in its Victory Charter promises in 2010.
“We are delighted to be able to show our commitment to providing as many good quality affordable homes as we can for the people of north Norfolk, and this remains right at the core of what we do,” said Mr Archibald.