Two Rivers Housing, which has its headquarters in Newent, has agreed a contract to build 92 new affordable homes in the north Gloucestershire town in 2022.
A site off the B4216 is being developed by the business in partnership with national housebuilder, Barratt & David Wilson Homes – with this being the first time the two organisations have worked together.
According to the housing association, 64 of the homes will be available for ‘affordable rent’ and the other 28 for shared ownership, with the aim of giving first time buyers a step on to the property ladder.
Sara Walton, development manager at Two Rivers, said: ‘There is a real need for housing across Gloucestershire.
‘These homes will provide the opportunity to rent or part-buy a property at an affordable price, within easy reach of good employment areas like Gloucester, Ross-on-Wye and Ledbury.’
Despite the disruption of the coronavirus pandemic, in October 2021 Two Rivers Housing Group revealed that it had increased turnover to £28m.
The not-for-profit housing association, which builds and maintains homes across the Gloucestershire, also saw what it calls its ‘surplus’ rise from £3.3 million to £4.2 million after tax.
Two Rivers Housing currently provides more than 4,200 homes across Gloucestershire and the surrounding counties. In 2018, it pledged to build 1,000 new affordable homes in the area by 2028.
The mixture of one, two, three and four bedroom homes on the new development are expected to be available for rent and shared ownership in 2022.
By Andrew Merrell