Newtown's £6.2m plan for 50 new homes unveiled

image captionAn artist's impression of the development in Newtown

A £6.2m scheme to build 50 "affordable" homes has been unveiled in Powys.

Mid Wales Housing Association has signed a 999-year lease with the Welsh Assembly Government for the land in Newtown.

Work on the homes, which will range from one to five-bedroom houses, will begin next month.

The project is part-funded by an investment fund which was announced in 2008 as a response to the credit crunch.

Deputy Minister for Housing and Regeneration, Jocelyn Davies AM, visited Newtown to hand over the site, which is in the Vaynor area of the town.

The development has received £3.2m from the strategic capital investment fund. It was announced in 2008 as the assembly government's response to the credit crunch.

Money from the fund was used on projects that would deliver affordable homes, school buildings and NHS facilities, as well as providing a boost to the construction industry.

Work on the homes in Newtown starts next month and will also include two play areas and two open amenity areas.

Ms Davies said: "The Vaynor site was identified as a priority for affordable housing by Powys County Council so I am delighted to be handing it over to Mid Wales Housing Association who will build and manage the homes."

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