TorVista Homes has been awarded Registered Provider status for housing by the Regulator for Social Housing.
TDA’s new housing company aims to deliver a wide range of good quality homes and services and be the landlord of choice for all sectors of the community across the region.
Its priority and focus in the early years is to target new investment in Torbay to support Torbay Council in the delivery of the objectives and outcomes identified within its Housing Strategy.
Leader of Torbay Council, Cllr Steve Darling, said: “Housing is a key priority for Torbay Council. With the introduction of a new independent Strategic Housing Board we will be developing strong partnerships with housing providers across Torbay. TorVista Homes share our vision and will assist in the delivery of our Housing Strategy for Torbay.”
Rick Williams, Chair of TorVista Homes, said: “The Board are delighted with obtaining Registered Provider status. This significant milestone allows us to begin our journey of providing much needed affordable homes to those in need. We have ambitious targets to deliver a wide variety of homes to an excellent standard that will positively impact on the lives of many families.”
TorVista Homes plans to deliver around 350 new homes within Torbay over the next four to five years. These include a range of different affordable housing products including, temporary accommodation, Extra Care housing, older persons housing and general needs for social rent, affordable rent and shared ownership.
TorVista Homes Limited is part of TDA Group, which is a wholly owned company of Torbay Council.
Liam Montgomery, Director of Asset Management, Investment and Housing at TDA, said: “Our vision is to build and manage welcoming, safe, quality affordable homes to support and create communities and neighbourhoods where people choose to live. The experience of the TorVista Homes Board and its staff, and the local knowledge they possess, means the housing company is well placed to successfully deliver its vision. This is the culmination of two years hard work and we are delighted to have achieved the status which will allow us to now start on building homes for local people.”
In addition to the Registered Provider status, TorVista Homes has achieved Investment Partner status with Homes England to enable it to bid for, and receive the grant required to support the delivery and acquisition of affordable housing which will help maximise the number of homes delivered in Torbay.