New Joint Venture to build 620 new homes
Warwick District Council’s Housing Company, Milverton Homes has formed a new partnership with Vistry Linden to deliver 620 new quality homes in Kenilworth over the next 8 years. This commitment from the council will accelerate the provision of housing, including much-needed affordable housing, in the district.
Warwick District Council, investing £60 million into the joint venture, will receive 248 affordable homes which are zero- carbon and built to ‘national development space’ standards. Milverton Homes will receive a further 62 for private rent, enabling an excellent quality product for this market.
The new homes will be built to high environmental standards, responding to the climate emergency declared by the council. Through this initiative, the council has been able to negotiate that half of the site will be carbon neutral, with increased thermal capacity and air source heat pumps, enabling this development to act as an exemplar for housebuilders and landowners.
Becoming a net-zero carbon organisation by 2025 Warwick District Council/Milverton Homes have already worked on establishing a “Warwick standard”, improving the developer specifications of traditional housebuilders to achieve more efficient homes and this will make a considerable contribution to reducing the total carbon emissions within Warwick District, by 2030.
In addition, these new ‘healthy homes’ will support an improved quality of life for those suffering with respiratory diseases asthma and bronchitis, nervous system, and cardiovascular diseases, as well as cancer.
Funding has also enabled the Council to negotiate with the developer for social value to be considered as an outcome for the development with considerations such as apprenticeships supporting increased employment within the building trades.