Leading North East Housing Association Isos has won a four year, £5.3m funding deal for 275 homes with the Government's housing and regeneration agency, the Homes and Communities Agency (HCA).

Under the new Affordable Housing Programme (AHP), Isos will build the homes for rent and shared ownership, at both urban and rural sites right across the North East region.

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Isos currently owns and manages just over 12,000 homes in the North East, from Berwick in the north to Stockton in the south.

Several development schemes are still being finalised.

On top of the new homes being added to Isos's stock, the association also leads a development partnership with smaller housing associations in the north, which has won a further £2.5m to build 115 new homes. The partnership includes Durham Aged Mineworkers Homes, Impact Housing Association, Eden Housing Association (both in Cumbria), and York Housing Association.

(CD/GK)