<p><span>McCarthy Stone has secured grant funding under the government’s five-year Affordable Homes Programme, with the housebuilder set to deliver 1,500 affordable shared ownership retirement properties.</span></p> <p><span>In its successful bid for the Ministry of Housing, Communities and Local Government’s (MHCLG) first round of funding, the retirement giant has been granted strategic partnership status with Homes England under its shared ownership arm – McCarthy Stone (Shared Ownership). McStone said the funding of around £94 million<b> </b>was the first investment from Homes England in the private retirement sector.</span></p> <p><span>Around a quarter of the affordable shared ownership homes will be constructed through modern methods of construction (MMC), with each of the 1,500 units being delivered and managed by McStone. The majority will be built in the Midlands and North of England.</span></p> <p><span>McStone said the Homes England funding was a “significant step forward” in the retirement housebuilder’s strategy to boost the choice and affordability of its products, widening “the number of older people who can enjoy the benefits of retirement living”. </span></p> <p><span>This forms part of the multi-tenure strategy that the organisation launched in 2019. Around a third of its homes are for private rent or private shared ownership, with affordable shared ownership now being …