HCA highlights Kent and Medway agreement benefits
The Homes and Communities Agency (HCA) has announced an agreement between seven local authorities in the Kent and Medway areas for the disposal of land and the creation of new homes.
The land was formerly owned by South East England Regional Development Agency, but will now be employed to boost the number of new homes being built across the region in the coming years.
Assets include the Rochester Riverside area, which will see the creation of 41 extra care homes for older people, 24 apartments for first-time buyers and eight homes for social rent.
Terry Fuller, executive director at the HCA, said: "This partnership signals our commitment to using our assets to boost the Kent and Medway economy.
"We'll continue to work closely with local partners to coordinate the delivery of these assets as well as share our expertise in linking housing and regeneration to job creation and growth."
The new Stewardship Agreement signed by the seven councils sets out how they plan to work together to deliver better value use of the land that is available to them to help meet the needs of the growing percentage of Brits that are looking for property, but who cannot find one due to the ongoing housing crisis that is being witnessed across the UK.
Earlier this month, new housing secretary Mark Prisk highlighted plans by the Department for Communities and Local Government to boost the number of social landlord properties across the UK in the coming years.
He commented: "Housing associations already provide excellent services to their tenants, but have the potential to offer homes to a much wider group of people."
The plans will include a new £10 billion government guarantee scheme to provide funding for local authorities to develop more social rented housing solutions, as well as a £300 million fund for the creation of 15,000 new affordable properties.
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