Strategic Housing Development Partners
More than £200 million is to be spent in Liverpool, delivering 1,500 new homes and bringing a further 1,000 back into use.
Liverpool City Council has appointed its official Housing Delivery Partners - a consortium made up of private housing developer Redrow Homes, affordable housing provider Liverpool Mutual Homes (LMH) and its building contractor Willmott Dixon. Redrow Homes and LMH will jointly build 1,500 new homes and LMH will bring 1,000 back into use.
Building Our Future
The ‘Building Our Future’ partnership, which will run for an initial five years, has the potential to attract over £200 million of private investment into the city, focusing on building the right homes, in the right place, at the right time.
- Redrow will develop housing for sale bringing a range of executive homes to Liverpool and will identify and acquire land to enhance the Council’s own development sites.
- LMH will develop affordable housing by investing their own funding and by attracting grant funding. They will also be seeking to bring 1,000 empty properties back into use.
- Willmott Dixon will work on behalf of LMH to build new homes and refurbish properties to enable them to be brought back into use.
The partnership aims
Liverpool City Council will provide strategic planning and housing need information, as well as selling surplus land to the partnership for development.
Land and investment will be brought together in a planned way, with any capital receipts generated by the sale of council sites and assets reinvested back into the Partnership.
Using their combined experience and expertise, the partnership will provide a wide range of house types from affordable to executive homes, without the council being required to fund the schemes from its own resources.
The partnership will also prioritise employing local people, providing training and supporting local supply chains, as well as developing and delivering complementary economic development projects.
The partnership will work on a wide range of initiatives to tackle empty properties, including those that have not been lived in for a long time, such as maximising investment from property owners and securing funding to bring houses back into use. Areas where groups of empty properties are most heavily impacting on streets will be particularly targeted.
The partnership will carry out a comprehensive review of the housing market across the city, to identify development and refurbishment opportunities - taking into account housing need and demand; the Council’s Housing Strategy; and the need to complement other actual and planned regeneration projects.
The two, full delivery programmes for each area of work – one for new-build and one for refurbishment – will be agreed by the partnership board, before being recommended to the Council’s Cabinet for consideration and approval in September this year.
The ‘Building Our Future’ partnership will be for a period of five years (2014 – 2019), with the option to extend for a further five years (2019 – 2024).
It supports the Mayor’s target of delivering 5,000 new homes and bringing a further 1,000 properties back into use over the next three years.