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Housing Solicitors
Barnet Council launches £65m Opendoor Homes plan to build 320 affordable homes for rent (18 April 2017)
Date: 18/04/2017
Barnet Council has officially launched Opendoor Homes – a subsidiary of The Barnet Group, which is wholly owned by Barnet Council – as a registered provider of affordable homes.
Opendoor Homes will deliver an initial 320 homes for affordable rent for Barnet residents. The new build programme is funded with a loan of up to £65 million from Barnet Council.
The first site for the new homes will be Basing Way, Finchley Central, where 14 affordable new homes will be built on the site of under-used garages.
By May 2017, building work is expected to commence on a number of schemes on infill sites in the borough, with the initial 320 homes due for completion by the summer of 2020.
Leader of Barnet Council, Councillor Richard Cornelius, said:
“Over the next decade, more than 27,000 new homes will be built in Barnet – the most in outer London – with a range of social rent, affordable and market rate homes.
“We welcome the HCA’s registration of Opendoor Homes – and look forward to its support in the delivery of our Housing Strategy to 2025.”
Deputy Chief Executive of The Barnet Group, Derek Rust, said:
“We are delighted to receive this endorsement from the HCA, to enable Opendoor Homes to start building much needed, quality affordable housing in the borough.
“Barnet Homes has already delivered 43 council homes – and Opendoor Homes represents an exciting new way to help the council deliver affordable new homes for residents.”
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