Orbit Homes receives funding to build 300 homes

Sept. 1, 2010
After only six months in existence, Orbit Homes has been awarded £14 million of funding from the HCA to deliver just under 300 homes. <br> <br> Orbit Homes received the funding on five key developments, the largest being its Great Blakenham scheme in Suffolk, with funding provided for 81 new affordable homes and a loan towards developing 40 market sale homes, totalling £5.5 million. <br> <br> These market sale homes are a key new revenue stream for Orbit Homes, which will result in any surpluses from sales being ploughed back into the charitable side of the business to provide more affordable housing. The other scheme to receive a loan is Norse Road in Bedford. <br> <br> www.orbithomes.org.uk or enter E0723 on the reader enquiry card

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