Liberty Park recieves kick start funding from the HCA
The Liberty Park development is a 4 phase project to regenerate the old Hillside and Meadway areas of Stoke Heath, Coventry. Working with the original landowner (Whitefriars Housing Group) Wates Livjng Space decanted the original residents and demolished 202 old unpopular houses. Planning approval was granted to develop 271 new homes, 204 for sale and 67 for Whitefriars Housing Group for affordable rent.
Liberty Park was designed with the First Time Buyer in mind, as a result of the economic downturn this sector has been hardest hit by the changes in mortgage lending with most of Wates interested purchasers wanting to buy properties but are unable to raise the required deposit.
The project recently secured Home Buy Direct funding from the Homes and Communities Agency which will help resolve this issue.
Kickstart funding into the scheme will bring forward 50 HBD units for delivery by December 2010 and sold by March 2011, enabling First Time Buyers, Key Workers and those purchasers with a housing need the opportunity of getting onto the housing ladder. In addition the Wates Living Space will deliver 40 open market units and 21 for social rent by March 2011. In total the Kickstart phase of the development will deliver 111 units, all by March 2011.
To view the Liberty Park sales website please click here
To download the Liberty Park sales brochure please click here
Categories: new build, regeneration, HCA partner status, affordable housing, midlands
Tags: Coventry, Home buy direct, Libery Park, Whitefriars
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