Quantum celebrates a year growth
16/06/2008
The Quantum Consortium is celebrating a year of extraordinary growth in both the number of homes it has built and in the scale, resources and geographical reach of the partnership itself. During the past year Quantum completed 819 homes, 101% of thetarget set by the Housing Corporation with a further 327 homes on site,a whopping 448% of its target.
As well as impressive development performance, the consortium is celebrating a record take-up of cash from the Housing Corporation of nearly £15 million. It has been a busy year which saw the consortium welcome Paul Casey, Development Director, and Peter McCormack, Chief Executive, both newly-appointed at Quantum member Derwent Living, in Derby.
Quantum has been further enhanced with the addition of Futures Housing Group, which was created through a merger of existing Quantum member Amber Valley Housing, and Daventry and District Housing. Futures Housing Group manages 8,600 homes in Derbyshire and Northamptonshire, and with Quantum, is keen to develop more affordable homes for social rent and shared ownership.
Finally, Wellingborough Homes is the latest housing association to sign-up to Quantum membership. The newly-formed organisation, created at the end of last year from a stock transfer of 4,500 homes from the Borough Council of Wellingborough, will be able to access the expertise and know-how of the Quantum Consortium to help it build new affordable homes.
The Quantum members now collectively manage 30,000 homes across the midlands and beyond, and work with 33 local authorities.
Lead partner members:
• EMH
• Derwent Living
• Futures Housing Group
Partner members:
• Advance HA
• Foundation HA
• Rockingham Forest HA
• Wellingborough Homes