Plans for social and affordable homes have been secured in Devon.
Housebuilder Persimmon has agreed a contract with Teign Housing for the purchase of 20 homes at is Fatherford View site in Okehampton. The local housebuilder is currently building 50 "quality" new homes at the site on Exeter home, 20 of which will be purchased by Teign for the provision of social housing and shared ownership for local people.
The charity and registered landlord formed in 2004 and now manages over 3,700 homes across South Devon. The new homes, built by Persimmon, will consist of seven shared ownership and 13 affordable rent properties, and include a range of one to four bed unites.
Commenting on the agreement, Persimmon Cornwall managing director, Adam Church said: “We’re delighted to be working in partnership with Teign Housing at our Fatherford View site in Okehampton. As a local business, we recognise the important part we play in developing much needed homes and communities in Devon, creating social value in our local areas.
Read more: Superdry confirms it is in talks with investors over 20 per cent equity raise
“Our Okehampton site provides quality new homes designed for local people who otherwise might struggle to get onto the housing ladder including a mix of social housing provision. Our agreement with Teign is an important staple in that housing offer as we seek to deliver a scheme which benefits the local community and leaves a positive long-term legacy in Okehampton.”
Ben Hagger, head of asset investment at Teign Housing added: "We are committed to playing our part to delivering much-needed quality homes in our region, with an ambition to develop around 120 homes this year which are affordable for our local communities.
“This partnership with Persimmon will ensure more local people will be able to remain near schools, work and family, and enjoy a high-quality energy-efficient home. The scheme has a variety of buying and rent and shared ownership options, as part of a vibrant mixed community so it can meet different types of housing need.”
Persimmon has just had plans for major development on land near Exeter Airport approved, which could provide more than, 1,400 new homes.
As well as 1,435 properties, including a mix of houses and apartments, a new primary school offering 630 places, an SEN school, a local community centre, a place of worship and cemetery, plus leisure and recreation space are part of the proposals. Persimmon said 10 serviced pitches for the traveller community would also be provided.
Read next:
- Health tech firm Diagnexia expands Exeter hub, creating 30 jobs
- Exeter-based communications agency Absolute PR becomes an Employee Owned Trust
- Exeter entrepreneur launches elite Devon event for South West businesses
- The King’s Awards for Enterprise 2023 - all the South West winners
Like this story? Why not sign up to get the latest South West business news straight to your inbox.
