The Welsh Government has announced £3 million to help create a new venture that will see four of Wales' social housing providers work together to meet the country’s housing demands.

Cymdeithas Tai Clwyd and Coastal, Hendre and Seren groups have joined forces to create the Welsh Housing Partnership which aims to provide more affordable homes across north and south Wales. The Principality Building Society has also supported the Partnership with £12 million funding.

-- Advertisement --

It is hoped the venture will lead to an extra 150 affordable homes in the first year whilst reducing waiting lists for social housing. The Partnership also aims to provide homes for those in low paid employment who aspire to own a home in the long term but cannot afford to buy immediately.

Housing, Regeneration and Heritage Minister Huw Lewis and Finance Minister Jane Hutt attended the launch of the new Partnership in Newport to hear first hand how it aims to meet the demands for social housing in Wales.

Mr Lewis said: "Providing quality affordable housing is a key priority for this Government. Over the next five years we want to increase the supply of quality homes and provide more choice for people in housing need. This Partnership can help make this happen.

"The Partnership is a new and exciting model for meeting the social housing need in Wales and I look forward to seeing the progress over the coming years."

(CD/GK)