£50m funding awarded to build thousands more ‘genuinely affordable’ homes in Manchester
It'll go towards the Council's pledge to build 36,000 new homes by 2032.
Just over £50 million funding has been awarded to build thousands of new affordable homes right across Manchester.
Following several successful submissions to Greater Manchester Combined Authority‘s (GMCA) ‘Brownfield Housing Fund’, it’s now been confirmed that Manchester City Council has been awarded a total of £51.6 million to fund the development of 31 long-term underused sites throughout the city-region over the next two years.
The includes the building of 3,380 new homes, including 1,761 – or the equivalent of 52% – that are considered to be “genuinely affordable” to Manchester people.
This new package of funding is part of the “trailblazer agreement” between the UK Government and Greater Manchester over three years, which is aiming to unlock Brownfield land and use it to build new housing.
With this new funding added, this means that the total funding allocated to the region is now a £128 million in this phase of bidding, and a whopping £150 million overall.
News of the £51.6 million funding allocation comes not long after Mayor Andy Burnham declared that he want 2024 to be the year that Greater Manchester “gets serious about housing”, and follows the Council’s £50 million investment into making a series of “transformational upgrades” to social housing in the borough.
It also follows the Council’s pledge to build 36,000 new homes before 2032 arrives.
The Council has previously successfully bid for £3 million from the national ‘Brownfield Land Release Fund’, and this was used to kickstart development at the inaugural ‘This City’ site in Ancoats, as well as a range of ‘Project 500’ housing sites too.
Cllr Gavin White, who is Manchester City Council’s Executive Member for Housing and Development, has called the Council’s goal of building 36,000 new homes by 2032 “necessarily ambitious”.
He continued: “This is a challenge, both in terms of available land and the funding necessary to build new housing at scale, but we are on course to meet these targets.
“However, we must be innovative and use the resources available to use.
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“As a post-industrial city, we have lots of Brownfield sites that are sometimes difficult to develop, but this land represents a massive opportunity to deliver the homes, particularly the affordable housing our residents need.
“This funding is hugely welcome and we will help bring these unused areas of Manchester back into use.”
Featured Image – Manchester City Council