Housing association, Midland Heart, has completed and handed over 700 new high-quality, affordable homes to local families during the period 1 April 2021 to 31 March 2022.
1st Apr 2022 - Developments
This includes a mix of one, two, three and four bedroom homes for both rented and shared-ownership across 30 building sites in the East and West Midlands.
This is a fantastic achievement for us and we’re proud that all of these homes have been offered at affordable rent and low-cost home ownership, which is great for local families. The Midlands needs more affordable housing so we’ve committed to building 4,000 new homes by 2025, and I’m proud to say we’re well on our way to achieving this target.
Joe Reeves, Executive Director of Growth and Finance
Chris Miller, Director of Development, said: “I’m extremely proud of the team for their hard work, energy and resilience through what has been difficult times across the construction sector over the last year. We’re celebrating this success with the many partners, contractors and local authorities that we work with and is a testament to collaborative working.”
This achievement follows Midland Heart’s milestone of handing over their 1,000th home in July 2021, since the launch of their corporate plan in 2019 to IT manager, Kevin, who moved with his partner into their three-bed home in Kings Heath near Birmingham.
They bought 60% of the property using the Shared Ownership scheme, a low-cost home ownership option. Both in their mid-50s, Shared Ownership offered the couple a secure route into home ownership in a location near to the bustling Kings Heath high street.
Kevin said: “This will not only be a home for us but it will also be a focal point for both sets of families to come together. It will be an open house that everyone can come and enjoy time in. This would not have been possible without the shared ownership scheme which was quite a straightforward process.
“Having a stake in our home means more stability and it makes better financial sense as we’re paying less rent. We will hopefully be able to save and staircase up to own more of the house in years to come.”
Midland Heart’s forward development pipeline remains strong, with over 1,000 homes currently in construction.
