Work to build 24 new homes in Shalfleet has begun, with a completion date set for May next year.
More than £1m funding will be used after a successful negotiation between Sovereign Housing Association, a local landowner and the Isle of Wight Council.
Sovereign purchased the land and led the development with Island-based contractor Stoneham Construction thanks to a grant of £450,000 from Isle of Wight Council and £650,408 from Homes England.
The 1.4-hectare site will include 13 affordable rent and 11 shared ownership homes in an area where more than 750 families are on the waiting list for social housing.
Sovereign’s Project Manager, Liz Evans, said:
“It’s great that we’ve started work on this site, the delivery of affordable housing on the Isle of Wight is a priority area for us and we’ve worked hard to get this project off the ground, alongside the local authority and parish council.”
Wendy Perera, Assistant Chief Executive and Director of Strategy at Isle of Wight Council, said:
“Isle of Wight Council is pleased to have worked in conjunction with Sovereign to help bring forward much needed rural affordable rent and shared ownership housing in Shalfleet.”
Sally Woods, Clerk to Shalfleet Parish Council, added:
“Shalfleet Parish Councillors are continuing to work with the project manager to resolve any concerns raised by local residents. It’s great that the scheme will benefit local people first.”
It is hoped that the new homes will be ready by May 2020.