Delivering affordable homes in Durham

Cllr. Kevin Shaw, Durham County Council Portfolio Holder for Strategic Housing and Assets; Cllr. Carl Marshall; Ian Prescott, Land and Partnerships Director, Keepmoat Homes and John Gallagher, Operations Director, Keepmoat Homes.

Cllr. Kevin Shaw, Durham County Council Portfolio Holder for Strategic Housing and Assets; Cllr. Carl Marshall; Ian Prescott, Land and Partnerships Director, Keepmoat Homes and John Gallagher, Operations Director, Keepmoat Homes.

 

A regeneration partnership, established to revive communities and economies in the Durham coalfields, has just been granted planning permission to build its 2,000th home.

 

The property will be at Gibside, Chester-le-Street, where the Durham Villages Regeneration Company will construct 78 two, three and four bedroomed homes.

 

When completed – in 2020 – the development will be the 32nd delivered by DVRC, a partnership between Durham County Council and Keepmoat Homes.  In total these will comprise 2,059 homes, of which almost a quarter – 448 – are for affordable rent.

 

And with those sold attracting an average price of around £105,000, DVRC has, since establishment in 2001, consistently delivered homes within the reach of local, young people.  Over 80% of those sold have been bought by those living within 10 miles of the development and around 60% were first time buyers.

 

By retaining young families within local communities and creating jobs and training opportunities, DVRC has boosted micro economies across the county.

 

Cllr. Carl Marshall, Chair of DVRC, said:  “It is extremely pleasing to see the partnership reaching such an impressive milestone and especially creating so many homes which are within the reach of those living in our small towns and villages, whether renters or buyers.

 

“With developments at Dipton, Peterlee, Seaham and Sherburn Hill already underway, Chester-le-Street will be the fifth live DVRC project and I welcome the benefits the development will bring for Chester le Street.”

 

 

To request a copy of this news release or for more information, please email: paul@persuasion-pr.com