Christopher Hale, Head of City Housing, Place,
gave a presentation to the Panel on WV Living the City of
Wolverhampton Housing Company.
The Head of City Housing, Place advised that the Council’s
Cabinet had approved the setting up of the Housing Company in June
2016, with the initial business plan approved in September 2016.
Phase 1 includes new homes at the former sites of:
Danesmore Park Primary
The first homes are anticipated to be completed by summer
Phase 1 proposes to provide circa 370 homes
across the four sites with a mixture of new homes available through
market sales, market rent and affordable housing.
The Head of City Housing, Place added that
over the next five years it was planned to provide up to 800 new
homes across the city at a number of sites which may include
supporting regeneration in such area as Heath Town and potentially
in the city centre, subject to viability. The Business Plan
demonstrates that WV Living would be able to create a surplus by
2023 which could then be invested back into the company.
The Panel noted that www.wvliving.co.uk was now active and gave a
range of information on the properties that would be available and
the new proposed developments.
In response to a question, the Head of City
Housing, Place confirmed that WV Living would be providing homes
itself and is not in any joint venture schemes with other
developers. He added that the market rent properties would be
rented on assured shorthold tenancies as with most private rented
properties and would not be being offered through the housing
The Panel queried a recent press report that
suggested that Wolverhampton
had a high proportion of homes that remained
unsold after a year on the market.
Resolved – that the Head of City
Housing, Place be thanked for the presentation.