{"id":4023419,"date":"2019-03-26T09:00:03","date_gmt":"2019-03-26T09:00:03","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=4023419"},"modified":"2019-03-26T09:00:03","modified_gmt":"2019-03-26T09:00:03","slug":"homes-england-offers-loan-for-development-of-derelict-birmingham-site","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-us\/news\/homes-england-offers-loan-for-development-of-derelict-birmingham-site\/","title":{"rendered":"Homes England offers loan for development of derelict Birmingham site\u00a0"},"content":{"rendered":"

A\u00a0<\/span><\/b>\u00a37.45m loan<\/span><\/b>\u00a0from\u00a0<\/span><\/b>Homes England is set to support the development of the first 1,150 homes at Port Loop in Birmingham.<\/span><\/b>\u00a0<\/span><\/h3>\n

The scheme\u00a0<\/span>at Port Loop\u00a0<\/span>will provide a mix of homes, including modular, factory built, and traditionally constructed<\/span>\u00a0houses<\/span>, within walking distance of\u00a0<\/span>Birmingham\u2019s cit<\/span>y<\/span>\u00a0centre<\/span><\/a>. The loan for this development comes from the government\u2019s\u00a0<\/span>\u00a34.5bn<\/span>\u00a0<\/span><\/b>Home Building Fund to boost the number of homes being built in desirable location<\/span>s<\/span>.<\/span>\u00a0<\/span><\/p>\n

Housing Secretary\u00a0<\/span>James Brokenshire<\/span>\u00a0<\/span>said:<\/span>\u00a0<\/span>\u201cBirmingham\u2019s Port Loop is a great example of how our \u00a34.5 billion Home Building Fund is helping to meet the triple challenge of delivering more, better, faster home construction, as well as revving a strong and prosperous Midlands Engine.\u201d<\/span><\/p><\/blockquote>\n

A new community<\/span><\/b>\u00a0<\/span><\/h3>\n

In the first stage of the project<\/span>\u00a0at Port Loop<\/span>, 77 of the homes will be built around shared gardens, 40 will be customisable modular homes, and 37 traditionally built houses. The development will also include a new park and improved canal towpath.<\/span>\u00a0<\/span><\/p>\n

Ian Martin, head of investment in the Midlands for\u00a0<\/span>Homes Engl<\/span>a<\/span>nd<\/span><\/a>, commented: \u201cThe sheer scale of the scheme provides the opportunity to build a whole new community and will be one of the largest regeneration schemes in the Midlands. This will provide a much needed boost to the region\u2019s housing stock, which is exactly what the Home Building Fund was established to d<\/span>o.\u201d<\/span>\u00a0<\/span><\/p>\n

Birmingham City Council and Canals\u00a0<\/span>and<\/span>\u00a0River Trust originally owned the large brownfield site. The two organisations are working with\u00a0<\/span>Urban Splash and Places for People<\/span>, who are coordinating the wider scheme.<\/span>\u00a0<\/span><\/p>\n

Birmingham\u2019s housing numbers<\/span><\/b>\u00a0<\/span><\/h3>\n

A recent survey revealed the number of\u00a0<\/span>residenti<\/span>a<\/span>l<\/span>\u00a0units<\/span><\/a>\u00a0currently being built\u00a0<\/span>in Birmingham\u00a0<\/span>is at the highest number ever recorded. As<\/span>\u00a0just under<\/span>\u00a01,700 units were completed in 2018,\u00a0<\/span>Deloitte forecasts that figure to be almost 3,000 this year. Additionally, with a growing student population, more than 2,600 new bed spaces for purpose-built\u00a0<\/span>student\u00a0<\/span>accommodation are being built<\/span>\u00a0in Birmingham.<\/span>\u00a0<\/span><\/p>\n

As demand continues to grow, housing numbers are expected to increase even further.<\/span>\u00a0<\/span>Following the\u00a0<\/span>2022 Commonwe<\/span>a<\/span>lth Games<\/span><\/a>\u00a0being hosted in\u00a0<\/span>Britain\u2019s second city<\/span>, the athletes village will be converted into more than\u00a0<\/span>1,100 accommoda<\/span>t<\/span>ion units<\/span><\/a>, which will further boost the housing market<\/span>.<\/span>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

A\u00a0\u00a37.45m loan\u00a0from\u00a0Homes England is set to support the development of the first 1,150 homes at Port Loop in Birmingham.\u00a0 The scheme\u00a0at Port Loop\u00a0will provide a mix of homes, including modular, factory built, and traditionally constructed\u00a0houses, within walking distance of\u00a0Birmingham\u2019s city\u00a0centre. The loan for this development comes from the government\u2019s\u00a0\u00a34.5bn\u00a0Home Building Fund to boost the number… Read more »<\/a><\/p>\n","protected":false},"author":1982,"featured_media":4023420,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[197,4,6],"tags":[79,196,86],"class_list":["post-4023419","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-birmingham","category-investment","category-uk-housing-market","tag-affordable-homes","tag-birmingham","tag-regeneration"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/4023419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/users\/1982"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/comments?post=4023419"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/4023419\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media\/4023420"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media?parent=4023419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/categories?post=4023419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/tags?post=4023419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}