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Gloucestershire Business News

More affordable homes to be built in Lydney

A Gloucestershire housing association has signed two new contracts to provide 47 new affordable homes in Lydney, Gloucestershire.

Two Rivers Housing will partner with Crest Nicholson for the first time to provide 44 new homes at the developer's Mirum Park site, just off the A48 in Lydney.

This will include 29 homes for affordable rent and 15 for Shared Ownership - the option that allows people to take a step towards home ownership through part-rent, part-buy.

Alongside this, a separate deal has been agreed with developer Edenstone Homes, for three affordable properties on Highfield Road, also in Lydney.

Terri Hibberd, development manager at Two Rivers Housing, said: "We are very pleased to have agreed these contracts, which will help us to provide more affordable homes to those that need them."

"There is a real shortage of affordable housing in rural locations and securing these homes helps us to deliver on our ambition to provide 1,000 new affordable homes in the area by 2028."

The first of the new homes are expected to be available from August 2021.

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