There is a national housing crisis as the market has not delivered the homes that people can afford. Rough sleeping is a visible indication, but there are other challenges, such as young people struggling to secure their first home, older people wanting to remain independent in their community, and families needing affordable housing. We also urgently need to reduce the energy demands of our homes to become net zero carbon neutral by 2038.
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About Irwell Valley Developments Limited
The majority of the new homes we build are built by Irwell Valley Developments Limited (IVDL), a wholly owned subsidiary of Irwell Valley Homes.
IVDL’s main purpose is to develop new affordable homes across Greater Manchester and the North West. IVDL does not own, market, or manage the properties it develops. Once developed, the new homes are handed back to Irwell Valley Homes for people in housing need. The directors of IVDL meet four times a year to approve new homes for development and review the progress and performance of ongoing developments. Every year IVDL gift aids any profit to Irwell Valley Homes to invest in our charitable activities.
We're delivering affordable new home and making an impact.
We’ve invested
We’ve invested £28 million over the last 3 years, with £5million grant funding to build 115 new homes to rent.
We’re investing
We’re investing a further £56 million, alongside £15 million in grant funding building 214 new homes in the next two years.
We're planning to build
We have plans to deliver a further 300 new homes over the next five years across Greater Manchester.
Project 500
The Project 500 partnership is an innovative, collaborative approach to delivering new homes facilitated by seven Registered Providers (RP’s):
One Manchester Mosscare St Vincent’s Housing Group Ltd The Guinness Partnership Limited Jigsaw Homes Great Places Housing Association Southway Housing Trust Irwell Valley Homes.
All providers are members of the Manchester Housing Providers Partnership (MHPP) framework.
The project is delivering new low carbon affordable housing on smaller Council-owned brownfield sites across the city in partnership with Manchester’s network of registered housing providers.
The homes will be made available for both social rent (30%) and at the Manchester Living Rent (59%), which means the homes will be affordable to residents on housing benefit. (See notes to editors)
A portion of the homes (11%) will be made available for Shared Ownership or Rent to Buy to support Manchester people towards home ownership.
