£3.5M for 100 new homes

Leeds Federated has been awarded £3.5 million of grant funding from the Shared Ownership and Affordable Homes programme (SOAHP) to build 100 new affordable homes in the Leeds City Region.

Plans are in place to build 50 two and three bedroom homes on land Leeds Federated owns, and another 50 across the Leeds City region. The homes will be available for sale through low-cost schemes including Shared Ownership and Rent-to-Buy* to help people get on the housing ladder.

SOAHP funding is a Homes and Communities Agency (HCA) grant to help Registered Social Landlords develop new affordable housing and low-cost home ownership. Leeds Federated bid for the funding as part of the Accent Group Consortium, which overall was allocated £41.4 million of funding from the Homes and Communities Agency to deliver 1,406 new homes, mainly in the North of England.

Head of Assets and Development, Stephen Ellis said “We are delighted to have received the grant funding to build 100 new homes. Leeds Federated aspires to more than double the amount of new homes it develops and play an active role in helping to tackle the shortage of affordable housing in the Leeds City Region.”