THE Homes and Communities Agency (HCA) have awarded Essex housing association, CHP, over £4.5 million in funding to continue developing properties throughout the county.
The £4.5 million will see CHP build and acquire 66 units for Rent to Buy while 63 will be Help to Buy shared ownership properties.
During 2016 CHP, and its private sales subsidiary, Myriad Homes, built and acquired 286 new properties throughout Essex - from one-bedroom flats to four-bedroom family houses - and offered a range of tenures, from affordable rent to outright private sale, to suit local peoples’ needs.
Also in 2016 CHP featured in the national trade magazine, Inside Housing Top 50 developers survey for the first time and also maintained an A+ rating from the credit agency, Standard & Poor’s.
CHP’s Development and Regeneration team are aiming to deliver a further 300 homes, in both urban and rural locations, in 2017.
Building and acquiring homes throughout Essex has seen the company grow the number of properties it owns and manages to almost 10,000 homes, with CHP now working in 13 of the 14 of the county’s local authorities.
“The HCA funding is a fantastic boost for our development programme,” said Carl Hockey, CHP Development and Regeneration manger. “Despite exceeding our house building target last year we’re looking to continue to do more of the same in 2017 while offering local people homes that suit their needs in locations where properties are needed.”