151 new homes are to be built in Wolverhampton, thanks in part to a £770,000 grant from the West Midlands Combined Authority (WMCA).
Leading developer, Lovell Midlands has been given the green light to develop brownfield land in Steelhouse Lane, Monmore Green, Wolverhampton with a £2.5 million scheme providing a mix of homes to buy or rent.
The site, which has been lying vacant for more than a decade, is being brought back into use after the WMCA used funding to clean up the land and make it ready for development. WMCA provided a £770,000 grant for the development of the site.
Mayor of the West Midlands Andy Street said: “This is a great example of how the WMCA is breathing new life into derelict, former industrial land by clearing the way for new homes and businesses.”
The Combined Authority has a £760 million war chest to support new housing and commercial developments that bring homes and jobs to local communities.
Lovell partners with Build-To-Rent provider Wise Living
The Lovell scheme will provide a mix of two-, three- and four-bedroom open market and affordable homes from Walsall based Registered Provider, WHG Housing Association.
A total of 76 homes will be sold by Lovell, whilst a further 16 will be available on a shared ownership scheme called Home Reach from Heylo Housing. The other 59 homes will be managed by WHG on an affordable rental basis.
Stuart Penn, Lovell’s Regional Managing Director, said, “This important development will transform this former industrial site as well as help tackle the pressing demand for new homes in the area.
“We are proud to be able to deliver a scheme with such a variety of tenure which will really help local people get on the ladder and/or into a high-quality new home from shared ownership to affordable rent.”
Construction work on the 8.5 acre site, to be named Saints Quarter, is due to commence in the summer.
