More than £1million of funding will be used to bring 24 new houses to Shalfleet after a successful negotiation between Sovereign Housing Association, a local landowner and the Isle of Wight Council.
Sovereign purchased the land and led the development with Island-based contractor Stoneham Construction thanks to a grant of £450,000 from Isle of Wight Council and £650,408 from Homes England.
The 1.4-hectare site will include 13 affordable rent and 11 shared ownership homes in an area where more than 750 families are on the waiting list for social housing.
Sovereign’s Project Manager, Liz Evans, said:
“It’s great that we’ve started work on this site, the delivery of affordable housing on the Isle of Wight is a priority area for us and we’ve worked hard to get this project off the ground, alongside the local authority and parish council.”
Wendy Perera, Assistant Chief Executive and Director of Strategy at Isle of Wight Council, said:
“Isle of Wight Council is pleased to have worked in conjunction with Sovereign to help bring forward much needed rural affordable rent and shared ownership housing in Shalfleet.”
Sally Woods, Clerk to Shalfleet Parish Council, added:
“Shalfleet Parish Councillors are continuing to work with the project manager to resolve any concerns raised by local residents. It’s great that the scheme will benefit local people first.”
The partnership represents the largest social development for Sovereign in a rural area since Freshwater Fields, Freshwater, a disused school site which became home to 50 affordable rent, shared ownership and open market sale properties.
It is hoped that the new homes will be ready for Isle of Wight families by May 2020.