FCHO invests £8.6m to bring more new affordable homes to Failsworth and Royton
Date published: 05 July 2022
In Failsworth, FCHO is working with Holcombe Homes to bring forward a £4.9m scheme of 14 four-bedroom and four three-bedroom properties on brownfield land next to Hale Lane and Hughes Close
Oldham-based social housing provider, First Choice Homes Oldham (FCHO), has signed deals worth £8.6m with two North-West housebuilders to bring 48 new, green affordable homes to Failsworth and Royton.
The developments are part of FCHO’s strategy to deliver 700 new, high quality, energy efficient properties in Oldham, Rochdale, Tameside, Kirklees, and Calderdale between now and 2026 to help meet housing need and improve the lives of local people.
In Failsworth, FCHO is working with Holcombe Homes to bring forward a £4.9m scheme of 14 four-bedroom and four three-bedroom properties on brownfield land next to Hale Lane and Hughes Close.
Fifteen homes for shared ownership are planned, helping local people to get a foot on the housing ladder at an affordable price.
Three homes will be for affordable rent – set at no more than 80% of the average local market rent.
The £3.7m development on a brownfield site on Shaw Street, Royton will be built by Robwood Construction.
The contractor is delivering 15 one-bedroom and 15 two-bedroom apartments, all for affordable rent.
Helping to minimise their carbon footprint, the apartments located close to Royton centre are planned to achieve an Energy Performance Certificate (EPC) B and will be equipped with modern electrical heating to help cut carbon emissions.
Work at the Failsworth and Royton sites is planned to commence this summer with projects due for completion at the end of 2023.
Joel Owen, FCHO Director of Development, said: “These exciting schemes are part of our continued significant investment in creating new affordable homes in Oldham and surrounding areas.
“As in many other areas of the country, demand for affordable housing locally outstrips supply and high house prices and lack of affordable options mean many local buyers struggle to secure a home of their own and make their first step on to the property ladder.
“We are bringing forward much-needed new homes with a variety of tenures to meet housing need and make home ownership possible for more people.
“We have ambitious plans to build more homes like these to make an even bigger difference and are continuing to work with our development partners to make these a reality.”
FCHO is due to complete 90 new affordable homes across a range of tenures in this financial year.
Work is currently underway on 149 properties at nine development sites and the housing association is on track to commence with a further 259 homes by April, 2023.
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