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Lichfield housing association plans to increase number of new homes it builds by more than 50%

A housing association says it will build 50% more homes than it had originally planned over the next five years.

Bromford, which manages more than 5,000 properties across Staffordshire – including in Lichfield – said it had revised its target in the wake of “the UK’s housing crisis”.

The initial target set in October 2016 was to build 3,380 homes, but now new proposals will see that figure become 5,311 – an increase of 57%.

The homes, almost three-quarters of which will be earmarked for rent or shared ownership, will be paid for by borrowing an extra £460million.

Lee Gibson, Bromford’s executive director of finance, said: “We’re very keen to increase the supply of homes across Staffordshire and the whole of central England.

“Following a strategic review, our New Homes business plan has been agreed which will deliver 5,311 new homes in the next five years. This is a rise of almost 2,000 on top of what was originally planned which, in the current climate, is quite a hefty escalation to our housebuilding programme.”

The news comes after figures revealed the number of affordable homes being built in England had dropped to its lowest level since 1991. A total of 32,110 affordable homes were built between 2015/16 which is less than half the 66,600 built the previous year.

Mr Gibson added: “Our plans show a real commitment from Bromford to ensure that we’re not only increasing the supply of homes but we’re increasing the supply of the right homes, and in the places that our customers need them most.

“Ultimately we want tenants to live in homes they can be proud of, in desirable locations, creating sustainable communities not just for Bromford customers but wider society too.”

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