Over the past year, we have made real progress in growing the number of homes we manage and improving the types of homes we build. We have delivered 71 new homes for affordable and social rent across eight development sites in Spennymoor, Bishop Auckland, Chilton, Newton Aycliffe, Low Etherley, Wynyard, and Darlington. These homes are part of our ongoing commitment to providing high-quality, accessible housing for people across our communities.
As part of our focus on sustainability, 14 of these homes were fitted with air source heat pumps and 18 with solar photovoltaic panels. This helps to reduce energy bills and carbon emissions, with cleaner and more efficient ways to heat and power homes.
We invested £18.4 million into these developments, making sure each home meets modern standards for comfort, affordability, and environmental performance. The air source heat pumps provide a more efficient heating solution, while the solar panels help lower electricity costs and offer a more sustainable energy source.
As well as building new homes, we also brought 10 former Right to Buy homes back into our affordable housing stock. These homes had previously been sold but are now available again to support local housing needs. We also converted a former guest house into two spacious, modern homes, helping to provide much-needed larger family accommodation.
This year also marked a major milestone for us. We have now grown our total housing portfolio to over 9,000 homes. This reflects our continued commitment to meeting the housing needs of our communities while investing in a greener future.