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Gentoo Homes to get £40m in HCA Kickstart funding

Housing developer Gentoo Homes is in line to receive £40 million Homes and Communities Agency Kickstart funding for 515 new homes across the North-east over the next 18 months.

The new properties would be a mix of affordable rent and intermediate rent with 170 being offered for sale, generating a total investment of over £75 million.

Specific Gentoo developments that could benefit from this funding include: Southwick, Doxford Park, Chilton Moor, Racecourse and Castletown in Sunderland and the Clayport and New Row developments in Alnwick.

Sunderland City Council leader Paul Watson said: “We all recognise the scale of housing need here and across the country, and welcome this additional source of Government funding as another stage in helping to address the situation on a local level.”