The second site for new homes built by Middlesbrough Council’s housing company MHomes has been revealed – and it will again focus on the needs of residents.
MHomes will build 35 bungalows on a parcel of land off Kirkham Row in Beechwood – behind the Swerve table tennis centre.
The properties would have gardens and the entire area would be landscaped with communal grassed areas.
Cllr Lewis Young, Middlesbrough Council’s Executive Member for Economic Development and Infrastructure, said the building of bungalows was another example of how MHomes would deliver “for people, not profit”.
He said: “The entire purpose of our housing delivery vehicle is that we build homes for the benefit of people. So while private developers may look at a parcel of land and try and figure out how many units can be built, MHomes will look at what we need.
“In this case it is bungalows, but it could just as easily be family homes, live-work units, apartments, or anything else, but it will be affordable and built for people, not profit.”
Last week it was announced that MHomes would develop 100 homes over two years on Council-owned land.
The first site to be developed will be in Gresham, off Union Street, and the third will be in Hemlington.
The proposed Gresham scheme is likely to provide 37 good quality family homes for low-cost affordable rent including a mix of three and four bed properties, either two and three storeys and a mixture of semi-detached and townhouses, all with gardens and some with garages.
More details will be provided on the Hemlington scheme in due course.
For the first time in decades Middlesbrough is experiencing population growth with people attracted to the growing economy.
Although the growth seen to date has been hugely beneficial to the town, there is an affordability issue that is developing, highlighted in a previous Council report, as the average cost of new homes in the town rises beyond the means of many residents looking to get on the housing ladder.
The MHomes business plan establishes the structure of the company, including the board, staffing and a start-up funding package of up to £10m which comprises part equity and part loan.
A website has been set up for MHomes where more information will be available soon.