Several hundred new homes will be built across the region after leading Midlands housing business whg was awarded a funding boost.
The housing association has been allocated a £38.7 million grant from Homes England to build 1000 affordable homes over the next five years.
It is one of just eight associations to be awarded funding through the Strategic Partnership announced by Homes England this week.
These homes are in addition to the 500 new homes whg already plans to build each year between now and 2024. The homes will be a mix of tenures including properties for rent and shared ownership.
The landlord, which now operates in 18 local areas, including Walsall, Wolverhampton, Dudley, Cannock, Birmingham, South Staffordshire and Telford, is planning to accelerate its development programme further.
whg’s Chief Executive, Gary Fulford said: “We are absolutely delighted to have been announced as a strategic partner of Homes England.
“This new funding will be matched with £100m from our own resources and allows us to build on the ambitious development programme we are already delivering across the West Midlands. This gives us the opportunity to play an even bigger role in addressing the housing crisis we face.
“We are working hard to identify where these new houses will be, and our focus is very much on Walsall and the surrounding areas.”
Housing secretary James Brokenshire said: “Our £500 million funding boost for housing associations will help housing associations build thousands of extra affordable homes – including properties for social rent.
“These measures are all part of our plans to deliver 300,000 homes a year by the mid-2020s.”
Sir Edward Lister, Homes England Chairman, said: “I welcome the new strategic partners who share our ambition to build better homes faster.
“Our new ways of working with the sector mean that housing associations can use their funding flexibly across their development programmes and respond quickly to local housing demand and a changing market.”
Over the last few years whg has built hundreds of new homes to tackle the housing shortage, and this year invested over £60m in extending its property portfolio. New developments in the pipeline include 56 homes at Catesby View in Dudley, 94 homes at Dunstall Farm in Tamworth, 68 homes at Copcut Rise and Ravens Croft in Droitwich Spa and a further 150 homes on the next phase of the Goscote Lane development in Walsall.