Council to invest £10m in new homes through new housing company
A new housing company, which will aim to invest £10m in new homes in Winchester, is to be established by the city council.
The company, which will be wholly owned by the council, is looking to build 60 homes on two sites on city estates as its first project and deliver new homes across the district in future years.
The council is committed to building 1,000 affordable homes over the next 10 years.
Cllr Caroline Horrill, Council Leader and Portfolio Holder for Housing said:
“We are wholeheartedly committed to the development of affordable housing. The 200 homes built in recent years and the 100 already also in construction demonstrates that commitment.
“I’m really excited by the plans for a wholly owned company, which will allow us to extend help to those families struggling to find homes in the city.”
The homes developed by the company will supplement the existing private rented market by offering properties below the current market rate and with longer tenancy agreements.