Gentoo handed £500,000-plus to build affordable homes

Housing giant Gentoo has been handed more than £500,000 to help people get on the property ladder.
Gentoo's Thurcroft development at Doxford Park.Gentoo's Thurcroft development at Doxford Park.
Gentoo's Thurcroft development at Doxford Park.

The Verve Partnership - in which Gentoo works with Teesside's North Star and and Northumbria-based Bernicia - has submitted a successful £3.9million bid to the Homes and Communities Agency (HCA) which will see 115 homes built across the North East over the next five years.

Gentoo’s share of the funding, which equates to £525,000, will be used to part-fund a pilot project around the shared ownership of fifteen new homes across the region.

Hide Ad
Hide Ad

Gentoo, which owns and manages more than 28,000 homes across Sunderland, is currently building more than 500 homes both for sale and for rent across four new developments in city - Meadow View in Houghton, Castle Rise in Downhill, Thurcroft in Doxford Park, Hillcrag in High Ford and is planning a new forthcoming development in Glebe, Washington

Gentoo Group chairman Ian Self said: "We’re pleased the Verve Partnership bid to the HCA was successful. The funding Gentoo will receive as part of the bid will help us to pilot the shared ownership of new homes in the North East as part of the Government’s home ownership agenda.

"We remain committed to helping meet Sunderland’s diverse housing demands by building new homes for sale and for rent across the city, as our current development programme of more than 450 homes shows.

"We also have some exciting new plans which we hope to announce very soon – we’re very excited."