More than 600 new homes will be built in Plymouth thanks to a new partnership between Plymouth City Council and Plymouth Community Homes.
The city’s biggest housing association and the Council have teamed up for the agreement which will see construction of an initial 601 new homes, of which at least 444 will be for affordable housing.
The partnership will bring forward £95.7m of investment opportunities with the Council providing land and £4.75m of financial assistance through the Plan for Homes.
PCH will bring land and £12.5 million of subsidy to deliver 601 new homes, with potential to deliver more homes as the partnership develops and further land and funding opportunities become available.
The homes will include a mix of social and affordable rent, shared ownership and open market sale with a variety of house types including bungalows, flats and family homes.
There will be 292 social and affordable rented, 152 for shared ownership and 157 for open market sale.