Known as the Midlands Local Land Initiative, it releases HCA and other surplus public sector sites to the market. The aim is to take a long-term approach to the phasing of public land releases to increase housing supply and secure viable new developments.
The initiative follows an announcement by housing minister Grant Shapps, where he named some Midlands sites amongst the first set of releases that could be made available on ‘Build Now, Pay Later’ initiative, designed to kickstart more housebuilding.
HCA Midlands executive director Paul Spooner said: “The Local Land Initiative is part of our remit to increase housing supply by bringing forward more public land for housing and mixed use development, and being flexible to create attractive market opportunities.
“By managing a pipeline of sites that are released to the market in a strategic manner, we can make best use of public land assets in conjunction with local authorities for the benefit of communities.
“The support from local authorities for the programme has been fantastic, many releasing their own sites into the programme – some utilising our Delivery Partner Panel (DPP), which is a framework of pre-procured developers that can save time and money in the procurement process.”
“The sites we have launched are at different stages of the disposal process, but we envisage the sites being able to deliver thousands of high quality new homes over the coming years.”
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