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MHS Homes announces £50 million investment programme

Fri 11 January 2013, 3:59 pm

Medway's largest landlord MHS Homes has announced that it will invest more than £50 million to build new homes in the Medway area.

Medway: MHS Homes to build new homes

The housing association says it will deliver more than 300 new homes in the Medway area to provide energy efficient accommodation at affordable rents for local people.

Ashley Hook, chief executive of MHS Homes said: “The need for additional affordable housing is the greatest it has ever been. At MHS Homes  we are committed to working with Medway Council, and other partner organisations to meet this growing demand. We will build a mix of homes for people to rent and buy under shared ownership schemes.

“These much needed affordable homes will not only help meet the pressing housing needs we have in Medway, this investment will also be important to the local economy. For every house built, it is estimated that 1.5 jobs are created directly and a further 4 jobs created in the supply chain.”

Howard Doe, cabinet and portfolio holder for housing and community services at Medway Council said: “I am very pleased to learn that mhs homes will  continue to  invest  in new homes in the Medway area and hope that the investment will enable more young people to get a first foot on the home ownership ladder.”

In other news, the association has achieved the prestigious Investors in People national Gold standard, which has been achieved by just 3.2 per cent of organisations in the UK.

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