Nottingham Community Housing Association (NCHA) has commenced work on a new ten-acre affordable housing development at Lake Terrace in Melton Mowbray.
NCHA are working in partnership with Leicester-based developer GS Developments and My Pad Developments to deliver these new homes, with support from Melton Borough Council and Leicestershire County Council.
The waterside development of 90 new affordable homes will provide a selection of one, two and three bedroom houses. 48 homes will be available for affordable rent and 42 sold for shared ownership.
The £19m scheme has been funded by contributions from Homes England and NCHA. It is expected to be complete by summer 2024.
Designed by Pelham, the design will maximise the surrounding open space and waterside location, whilst protecting the local environment.
Chair of the Leicestershire Rural Partnership, Pam Posnett, said: “This is good news for Melton. The scheme will provide much-needed homes for individuals and families who are priced out of other local housing developments.”
Allan Fisher, director of development and assets at NCHA, said: “It has been a positive start getting the groundworks underway. We look forward to seeing the new development take shape and contributing 90 new affordable homes to the area.”
Proposals for phase two of the development have already been submitted in the hope that a further 77 affordable homes could be created in the future.