Investment secured through the Homes and Communities Agency (HCA), Coventry City Council and Whitefriars Housing will see another 230 homes get underway, taking the total number being built to nearly 400.
Being branded across the city as 'Spirit Quarters – Coventry's New Place of Pride' – the new development is situated in the Wood End and Deedmore areas of Coventry, which are undergoing massive regeneration along with neighbouring Henley Green and Manor Farm.
Martin Smith, Henley Green resident and Chair of the Regeneration Action Team, a resident group which is overseeing development said: "Since work started last year the transformation of the area has gone from strength to strength. Local residents are extremely happy that despite a tough housing market, we are pushing ahead and creating an area where people want to come and live."
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Spirit Quarters is one of the largest housing regeneration schemes in the Midlands and is being delivered through a partnership including Whitefriars Housing, Coventry City Council, the HCA, Moat House Community Trust and a developer consortium - Bovis Homes, Keepmoat Homes and Westbury Partnerships.
This latest phase of 230 homes will be built over the next three years and is worth around £21m. There will be 144 homes available for private sale, 60 for affordable rent, 20 for shared ownership and six for low cost home ownership. Properties will be a mix of 2-4 bedroomed houses and flats.
Kevin Roach, Project Director for Spirit Quarters and head of regeneration at WM Housing Group, said: "Partners and the local community have all worked extremely hard together to reach this exciting stage in the regeneration and with investment provided by the HCA and Coventry City Council we can continue to bring so many people new homes. Although the development is taking place at a slower pace than originally planned, it is still encouraging to see Spirit Quarters continue in these difficult financial times."
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