Law firm Freeths has advised Nottingham Community Housing Association (NCHA) on an £18m affordable homes deal.
A ten-acre site has been brought together as a result of a partnership between Leicester-based developer GS Developments, NCHA, Pelham and My Pad Developments, with support from Melton Borough Council and Leicestershire County Council.
The homes at Lake Terrace will be a mix of one, two, and three-bedroom properties providing a mix of shared ownership and rented dwellings for families struggling to get on the property ladder in the area.
Sarah Rowe, Director and Head of Social Housing at Freeths LLP who acts for NCHA, said: “We are delighted to have worked yet again with NCHA on securing another important and strategic affordable scheme.”
Proposals for phase two of the Lake Terrace development have already been submitted by GS Developments, working with Pelham, in the hope that further housing units could be created in the future.