The partnership plans to build 500 rented homes for tenants who earn less than £15,000 a year and 500 part buy part rent homes aimed at local buyers who cannot afford to buy a home outright.
Hyde Group director David Gannicott said “This is another fantastic example of Hyde’s creative approach to partnership working with the private and public sectors to get homes built quickly in areas where they are needed the most. Combining Hyde’s developer skills, resources and expertise with likeminded partners means we can do more together than would be possible individually. This is an exciting step for a project that has the potential to be replicated to tackle the housing shortage in London and the south east head on.”
Housing minister Gavin Barwell said: “I’m keen to see more innovative partnerships like this one across the country to help deliver the homes we need.”