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Stafford and Rural Homes (SARH), Housing Plus and Severnside Housing joined together to form the S3 development consortium in 2014.
As the organisations are geographically very similar – both with urban and rural housing stock – and are like-minded in their values and bidding strategies, this seemed a natural partnership.
S3 is named for its three members: Stafford and Rural Homes, Severnside Housing and South Staffordshire Housing Association (part of the Housing Plus Group).
Grants secured by S3 will be supplemented by money raised directly from commercial lenders by each association. S3 will continue to bid for funding as it becomes available.
New homes will be built over the next three years, many in rural villages and towns where house prices are rising faster than rural wages making buying homes unaffordable for many people.
As well as providing much-needed new homes, S3 will be contributing massively to the local economy by helping to create and sustain jobs in the construction industry.
“From the start of its building programme in 2010, SARH has sought to provide much-needed homes in Stafford with financial support from the HCA wherever possible. The recent S3 allocation contributes in part to SARH commitment to build more than 300 new affordable homes in Stafford for people who need them. We will continue to work together with others to ensure we continue to deliver.”
“S3 is an exciting new venture for Severnside that is already proving very successful. Over the next four years, Severnside aims to build 390 much-needed new homes in Shropshire and S3 will help us to achieve our ambitious goal.”
“Housing Plus plans to build 300-400 new high-quality affordable homes over the next four years for the people of South Staffordshire. The new S3 development partnership will help all three associations deliver the affordable homes their communities will need in the coming years. We will work closely with the Homes and Communities Agency and other potential funders and partners to ensure that we make the most of every funding opportunity to deliver new homes for our community”
£7 million success for new S3 consortium brings 355 new affordable houses to Shropshire and Staffordshire.
Chris Poulton of SARH, Ursula Bennion of Housing Plus and Sepp Sargeant of Severnside Housing celebrate S3 consortium’s first funding success with a visit to Severnside Housing’s development site at Chapel Close in Shropshire.