Stepping up to the housing crisis: more affordable homes for Bristol
We have entered into contract to build 32 new affordable homes in Bristol.
Managing more than 2,300 homes in Bristol, and more than 11,000 across the south west, we're delighted to have exchanged contracts with Acorn Property Group to deliver 32 new affordable homes as part of the wider Loft House development in Bishopston, Bristol.
The development, in a sought after area of the city just behind Gloucestershire Cricket Ground, will offer 16 homes for affordable rent, and 16 homes for shared ownership.
Caroline Hughes, our Head of Development, said: “There’s a shortage of affordable homes in Bristol, and we’re taking action to address the issue. We’re continuing to develop new affordable homes for rent and sale as well as supporting our neighbourhoods through our community investment programmes.
“Our new homes in Bishopston demonstrate our commitment to building much-needed affordable housing in the city.
Marvin Rees, Mayor of Bristol, added: “We are delighted to see money from our Affordable Housing Fund being put to good use to help deliver vital affordable housing in the city.
“These homes will be a small, but important, contribution to help meet Bristol’s growing need. The shortage of adequate housing continues to be one of the biggest issues facing the city and I remain committed to my pledge to build 2,000 homes a year by 2020, 800 of which will be affordable.
“As a council we cannot do this alone, and I am very grateful to the housing associations and community led organisations who are helping us to make this a reality.”
Robin Squire, Regional Managing Director at Acorn’s Bristol office, commented: “We are extremely pleased to work with Knightstone to deliver much needed affordable housing in Bristol. We were required to deliver fourteen affordable units, but with housing demand so high in Bristol, we were pleased to be in a position to deliver over double the agreed affordable housing quota on this scheme in a desirable area.”
The 32 new homes are part-funded by Bristol City Council. Earlier this year, the council committed £57 million to an Affordable Housing Fund giving grants to housing associations to build new homes for affordable rent. The new homes are also part-funded by the Homes & Communities Agency and our own investment.
The new homes off Ashley Down Road are expected to complete in summer 2019.