Winchester City Council given £3.2m boost for Stanmore housing scheme
A major Winchester City Council housing scheme has been given a £3.2m government cash injection.
Homes England has approved the windfall, which will boost the council’s £16m plan for 76 homes at The Valley in Stanmore.
It also comes after the council joined the Wayfarer Consortium – a move that gives it more access to government money to build affordable housing.
Winchester City Council leader and Portfolio Holder for Housing, Caroline Horrill said:
This government money is most welcome, makes The Valley scheme financially viable and means the council can build much needed homes for local people.
It also shows that being part of the Wayfarer Consortium is already bearing fruit and the strategy to fund our ambitious target of building 600 new homes by 2020 is really working.
Work on The Valley is due to start next year