Funding for the programme comes from the £40m Social Housing Accelerator Fund, launched by West Midlands mayor Richard Parker in October
The City of Wolverhampton Council has secured over £6m in funding from the West Midlands Combined Authority (WMCA) to ensure 140 new council homes will be provided as social housing.
The homes, which are split across 14 development sites in the city, are currently under construction or soon-to-be-built.
Social rent is the most affordable type of housing and is made available at around 50 per cent of the local market rent.
Funding for the scheme comes from the £40m Social Housing Accelerator Fund, launched by West Midlands mayor Richard Parker in October. It will directly support the delivery of 1,000 new social homes across the region.
“This additional funding from the WMCA will allow us to make a significant number of new council homes affordable for residents on low incomes,” said Steve Evans, cabinet member for city housing at Wolverhampton Council.
“We are committed to driving the construction of more affordable housing and these social rent homes will have a huge impact, helping get people and families out of temporary accommodation and off the housing waiting list,” he added.
“Having a secure, affordable home is a basic right for people and that’s why I’m focused on building more social homes across our region,” the mayor said.
The social housing project supports the ongoing £19.7m Social and Affordable Housing Programme pilot in Wolverhampton, which is funded by Homes England.
This scheme will see construction start on more new homes over the next couple of years, as well as the replacement of poor quality existing homes, or homes which have poor thermal efficiency.
Wolverhampton was the first local authority in the country to trial the scheme, which sees Homes England working collaboratively with the council.
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