Norfolk housing trust to spend £265m on homes

Related Stories

A housing trust is to build 1,000 new affordable homes in north Norfolk over the next 10 years at a cost of £200m.

Victory Housing Trust, based in North Walsham, is also spending another £65m on refurbishing existing properties.

Funds will come from the sale of about 300 outdated properties which require significant repairs or cannot be made energy efficient.

Currently the trust builds between 50 and 100 new homes per year and plans to increase this figure by 70.

Chief executive John Archibald said: "We are determined to provide as many affordable homes in the north of Norfolk, of the best quality, that we possibly can.

"To make this possible, we will need to sell some of our outdated, less energy-efficient stock, to free up funds which will lever in extra investment to enable us to build many, many more new homes."

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC Norfolk



10 °C 2 °C


Try our new site and tell us what you think. Learn more
Take me there

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.