St Werburgh Court, Hoo St Werburgh Court, Hoo

A recent report, commissioned by the National Housing Federation, revealed that the gap between supply and demand in housing is widening. Nationally, England needs to build 240,000 homes a year just to meet the demand[1] yet house building decreased by 11% between 2009 and 2013[2]. In Medway, the demand for affordable homes is clear: rental prices are expected to rise by 38% by 2020[3].

mhs homes is on target to build more affordable homes across Medway in 2014 with developments at Amherst Hill, Brompton and the sites previously used as Rainham and Rochester police stations. The properties will be available for shared ownership and affordable rent. More homes are planned for Kent and Medway in 2015 and beyond.

Emma Riddington, Head of Development at mhs homes, says:

“At mhs homes, we recognise the need to support the local community and are developing properties to suit all individual circumstances. We are increasing our portfolio of both affordable and market rent properties and have started work on sites outside of Medway. In 2012/13 we built 140 new homes, and are on target to build another 260 new homes by the end of March 2015.”

[1] National Housing Federation, “Supply and demand/affordability”
[2] ibid
[3] National Housing Federation, statistics for Medway.

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