Manchester to create affordable homes development company

Creating a local housing development and management company will mean that Manchester City Council can develop affordable homes directly, which will help deliver new homes more quickly for people in the region.

The proposal follows an executive report from September last year that confirmed the council’s commitment to deliver at least 6,400 affordable homes between 2015 and 2025 - 20 per cent of the overall housing delivery target of 32,000 homes during this period. Key to meeting this target is to use council-owned land and work in partnership with the city’s Registered Providers, who in turn can access funding to build new homes.  

Current estimates suggest a council-managed development company could deliver around 1,800 new affordable homes, along with more than 1,000 homes for market sale and rent.

Suzanne Richards, executive member for housing and regeneration, said: “Creating our own housing development company means we can take a far more proactive role in affordable housing delivery across the city, using our own land to direct-build the homes that Manchester people need. We will continue to work closely with our Registered Social Landlords to deliver new homes across the city, but it’s important that we consider every option open to us to ensure new affordable homes are built as quickly as possible.

“The intention is that this will help us not only meet, but exceed our target of 6,400 new affordable homes up to 2025, and this model means we can ensure high sustainability performance to help us on our journey to become a zero carbon city by 2038.”