Trafford Council to approve housing association jv
Trafford Council is set to give the green light to form a joint venture with Trafford Housing Trust to pursue development opportunities in the region.
A 50:50 jv between the two parties has been recommended for approval and a decision will be made today in an executive council committee meeting.
Once approved, the jv will work on its first scheme to deliver 150 new homes as part of the Tamworth Phase II scheme, located off Bold Street, Old Trafford.
Trafford Council is set to give the green light to form a joint venture with Trafford Housing Trust to pursue development opportunities in the region.
A 50:50 jv between the two parties has been recommended for approval and a decision will be made today in an executive council committee meeting.
Once approved, the jv will work on its first scheme to deliver 150 new homes as part of the Tamworth Phase II scheme, located off Bold Street, Old Trafford.
The site is fully owned by THT and the council, which built 26 affordable new homes under the first phase of the scheme. A planning application is expected to be lodged in early 2020.
The aim of the jv, according to the council, its to “bring forward development more quickly, sharing risk and reward equally for the benefit of both parties, and residents”.
As well as Tamworth Phase II, the jv will “explore further opportunities for joint development” in the area.
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