WE have helped alleviate the regions housing shortage by developing nearly 500 homes in 2011/2012 and are about to start construction on over 200 homes in 2012/2013.
From April 1st 2011 to March 31st 2012, we developed 485 homes throughout the county for Essex residents, increased our stock to approximately 8,500 properties and, despite the economic climate, invested £37 million into the local economy by employing local architects, builders and surveyors.
To help meet local housing needs, we have provided a mixture of property tenures, such as social rent and low cost home ownership, and a variety of properties ranging from one and two-bedroom flats to two, three and four-bedroom homes.
We have also converted to a charitable business and launched a development subsidiary, Myriad Homes and a build company, Myriad Housing – we will also start a county-wide development programme by constructing 216 properties in 2012/2013.
We recently celebrated our 10th anniversary since our formation and have expanded our development remit; which means that we now work with 11 of the 14 local councils and both of the county’s unitary authorities.
Having launched of our 1,000th new property in Clacton-on-Sea in September 2011, we recently became one of the first housing associations in the East of England area to sign a Short Form Agreement with the Homes and Communities Agency (HCA); allowing us to set rents up to 80% of the local market rates by utilising the government’s new affordable rent programme.
Carl Hockey, Development and Regeneration Manager, said: “The fact that we constructed nearly 500 homes last year to help meet local people’s housing needs is testament to our long-term development programme. We’re also delighted that we’ll be developing nearly 200 homes again this year through our new subsidiaries.”