Bexley regeneration scheme granted funding

Bexley regeneration scheme granted fundingPlans for a new regeneration scheme could create more options for people seeking flats to rent in Bexley.

Larner Road in Erith is set to be transformed with the help of a £15 million grant from the Homes and Communities Agency (HCA), which will allow housing association Orbit South to create 600 new homes in the area.

According to the association, the new properties will be a mixture of homes for affordable rent, private market sale and low-cost home ownership.

"We are delighted that the HCA has agreed to support our ambitious plans - including Larner Road - to ensure we provide the homes that people need," said Paul High, managing director of Orbit Homes.

Council leader Teresa O'Neill of the London borough of Bexley added that the £128 million development will also offer "new community facilities and open spaces" for local people.

Orbit South recently announced the completion of Compass House, a new 42-apartment development in Bexhill-on-Sea, East Sussex.

Posted by Andy Britten

Published 7th November, 2011

© 2011 Estates IT Limited

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