Four housing associations have joined forces to deliver affordable homes through a pilot project with support from the Welsh Government and Principality Building Society.
Coastal Group, Hendre Group, Seren Group and Cymdeithas Tai Clwyd will work together to buy affordable homes for people to rent under one banner, the Welsh Housing Partnership.
These housing associations based at Cardiff, Newport, Swansea and Denbigh in north Wales have a combined turnover of £100 million and manage nearly 18,000 homes.
The aim of the Welsh Housing Partnership is to increase the supply of quality affordable homes to families who can’t afford to buy their own homes. The Partnership will offer long term rental packages to tenants keen to rent one of these affordable homes in north or south Wales.
Ian Williams, chair of the Welsh Housing Partnership Board, said: “In this pilot scheme
