Elderberry Walk, Southmead
Working alongside partners Cheyne Social Property Impact Fund, United Communities Housing Association, and Bristol City Council, BBRC Homes put together an award-winning project which will deliver 161 homes for Southmead, North Bristol.
The project uses highly sustainable construction and 70% of the homes built will be available at sub-market rates. The homes will also cover six different tenures, creating a truly mixed community.
The first occupants are expected to move into their new homes in Summer 2021.
The housing project at Elderberry Walk is a first of its kind, bringing together a social investment company, a private investor and a housing association in a single housing scheme. Through the alignment of long-term finance and strong local partnerships, BBRC enabled the project which delivers 70% of the homes at sub-market levels.
With six tenures of home on offer, the Elderberry Walk community will be truly mixed and inclusive. Tenures include: keyworker and ethical market rent; the UK’s first private sector rent-to-buy model; social and affordable rentals; and homes for private sale.
This new development will offer homes built with green infrastructure, including sustainable food production, low carbon energy sources and new cycle routes. All the homes will be built to high levels of environmental efficiency, delivering real savings in energy use and lower running costs.
This ground-breaking project has received recognition from the World Economic Forum, which cited the scheme as one of the 10 ways that cities around the world are tackling the global affordable housing crisis. In 2018, the project also won the award for ‘Best Large Scheme in Planning’ at the National Housing Awards.
For details on the financing of this development, please click here.