Merlin to build 89 much-needed homes

February 03 2017

MERLIN has secured £2.5m of Government money to fund the development of shared ownership homes, including some in Cadbury Heath.

MERLIN has secured £2.5m of Government money to fund the development of shared ownership homes, including some in Cadbury Heath.

The housing society has been given the money to deliver 89 much needed homes under the Shared Ownership and Affordable Homes Programme. The homes will be built between now and 2021.

Head of development Amanda Swann said: “We’re delighted to have received this funding, which was exactly what we applied for. We’ve got ambitious plans to increase our development programme over the next few years and this funding will help us deliver these much-needed new shared ownership homes.

“We have already identified sites in Filton and Cadbury Heath for around half of these homes and will be seeking planning permission for the first of these very soon. But although shared ownership is growing in importance for us as a type of tenure we can offer to new customers, we remain committed to providing homes for rent and the majority of new homes that we build will be for people to rent.”

The funding is part of £1.28bn that has been awarded to build 39,403 homes across the country.

Merlin had previously received funding from the Homes and Communities Agency to finance the construction of new affordable homes.