Housing association announces homes investment
Wed 24 August 2011, 3:43 pm
Medway social landlord MHS Homes has announced that it will invest more than £50 million in new homes in the area.
The housing association said that the money would help deliver more than 300 new homes over the next four years.
These will be available to rent or to buy and also under shared ownership schemes, according to Ashley Hook, chief executive of MHS Homes.
He said: "The need for additional affordable housing is the greatest it has ever been. We are committed to working with Medway Council, and other partner organisations to meet this growing demand."
Howard Doe, cabinet and portfolio holder for housing and community services at Medway Council said: "This is fantastic news for both the Medway area and for local people."
Earlier this year, MHS Homes launched a subsidiary company: Heart of Medway Housing Association.
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