Darlaston residents are already beginning to take advantage of new affordable homes following a unique deal by Sanctuary Group.
More than 50 properties in Woden Road have been purchased by the leading housing and care provider as part of a £6.24million deal with Bloor Homes.
The site, which is being developed in partnership with Walsall Council and part funded by the Government’s Homes and Communities Agency, is expected to be completed in phases with final completions expected in early 2014.
By acquiring these properties, Sanctuary is helping to address the needs of the local area for more affordable living, with the properties which were originally developed for open market sale, now available for rent. The development itself will also address the need for more job opportunities by providing a boost in construction jobs for the area.
Jonathan Mullins, Sanctuary’s head of development for the Midlands said:
“Sanctuary is dedicated to providing affordable housing to the people who need it most. The deal made with Bloor Homes represents this. These houses, originally planned for open market sale will now be available as rental properties and provide more affordable living for the residents of Darlaston.”
The development is being turned around quickly with a number of properties already completed and tenancies agreed.
Councillor Adrian Andrew, portfolio holder for transport and regeneration in Walsall Council coalition visited Woden Road to see how the site is progressing. He said:
“Taking that first step towards having a home to call your own can be very difficult given the massive rise which has taken place in property prices in recent years.
“The council is delighted to be involved in this scheme which is bringing more properties onto the rental market and ensuring that many more people will be able to experience the opportunity of setting up home for themselves. It is also providing a significant economic boost for the area by creating a number of new jobs.”