The approval of the Local Housing Company (LHC), New Homes Nottingham (NHN) to develop Council owned sites has been welcomed by Labour members of the Executive Board.
Nottingham was originally one of 14 pilot authorities for a local housing company in the Housing Green Paper in 2007. The endorsement of New Homes Nottingham means that Nottingham is now leading progress in this area.
The LHC will allow the Council to determine key sites for development as well as shape the nature and mix of developments. It will ensure the residents and tenants of Nottingham are provided with high quality sustainable housing, together with suitable social and physical infrastructure.
The aim of NHN is to provide a 50:50 split between private and affordable homes. The affordable housing will comprise social rented homes (managed by Nottingham City Homes) and shared equity agreements.
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