We recently held a sod turning event to launch the first construction phase of our Kings Road development in Chelmsford, Essex.
Our Chairman, Martin Dean, was joined by Chelmsford City Council’s Leader, Councillor Roy Whitehead, to officially launch the scheme, which is the first to be funded through our asset sales programme and without any financial assistance from the Homes and Communities Agency.
Featuring 27 high-quality new homes for affordable rent, the properties - which will all be built on a former council owned allotment site - are due to be completedin the Autumn of 2013.
Working with Chelmsford City Council, Lovell Partnerships and Oxbury and Company; the Kings Road scheme will comprise 11 one-bedroom apartments, two two-bedroom wheelchair accessible ground-floor flats, three two-bedroom, seven three-bedroom and four four-bedroom houses.
Having recently converted to a charitable business and launched a development subsidiary, Myriad Homes and a build company, Myriad Housing; we will also be starting a county-wide development programme by constructing over 200 properties in 2012/2013.
The new subsidiary company, Myriad Housing, has been created to construct affordable housing schemes offering a range of tenures; while Myriad Homes has been established to provide a commercial development arm for us and will be responsible for the outright sale of our properties.
Carl Hockey, Development and Regeneration Manager, said: “We’re delighted to officially launch the Kings Road development to help meet local people’s housing.
“Coupled with the launch of our two building subsidiaries - which means that we’ll continue to offer residents the tenure and properties that they want and need in their local community - is testament to our long-term development programme.”