Trafford Housing Trust and Trafford Council agree joint venture deal
L&Q-owned association Trafford Housing Trust (THT) and Trafford Council have a signed a joint venture deal to build 162 new energy-efficient homes in Old Trafford.
Homes for Trafford, as the joint venture will be known, will regenerate land off Bold Street to develop homes and apartments in a range of styles, sizes and tenure, including market sale, shared ownership and social rent.
The scheme will include 49 affordable homes, and significant investment towards “low-carbon measures beyond current planning and building regulation requirements”, according to a spokesperson for THT, which manages around 9,000 homes.
It is expected the first homeowners will move in in the summer of 2024. The site was previously home to three high-rise tower blocks and the Seahawk Pub.
Ben Townsend, director of development at Trafford Housing Trust (THT), part of L&Q, said: “We are excited to be working with Trafford Council once again to develop quality, sustainable homes and places where people want to live as part of our commitment to tackling the housing crisis.
“At THT we pride ourselves on helping to create communities as well as homes, and by investing in areas such as a new café, community hub and green spaces we are confident that this will become a great and popular place to live.”
Liz Patel, Trafford council’s executive member for economy and regeneration, said: “This project is a demonstration of Trafford Council’s commitment to delivering high quality, sustainable and affordable homes to help address the housing shortages we face right across the borough.”
L&Q completed 4,200 homes in 2021/22, by the highest ever delivered by a housing assocaition in a single year. It expects to exceed this in 2022/23. The figures are high because L&Q had begun to ramp up development to hit 10,000 homes a year. However it had since dropped this ambition in the face of the need to invest in existing stock.
It expects development to level out at around 3,000 homes a year from 2023/24 onwards.
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