Hastoe receives funding for 165 new affordable homes in 13 villages

28/07/2014
Hastoe has received grant funding to provide 165 new affordable energy efficient homes which will benefit 13 rural communities across the south of England.

Hastoe GroupA Homes and Communities Agency (HCA) grant of £4,049,950 has been allocated for Hastoe’s 2015-18 programme, which averages at just under £25,000 per home. The programme will include 48 homes built to Passivhaus standard, eight homes built in partnership with a Community Land Trust and also six homes for open market sale in rural communities.

Hastoe’s Chief Executive, Sue Chalkley, said: “We are delighted to have been allocated this funding for much-needed new homes for rent and shared ownership and to see this evidence of the HCA’s commitment to ‘thriving rural communities’, mentioned in its corporate plan. We are particularly pleased that there will be opportunities to return for further grant through the Continuous Market Engagement (CME) process. This will be useful for our work in rural communities and our partnerships with Community Land Trusts where lead in times can be longer.

“The early allocations announcements are very welcome and hopefully will help our sector to avoid the last minute rush, which previously has caused difficulties in the procurement market and cost increases.”  

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