Plan for homes for the elderly.
North Tyneside Council's Quality Homes for Older People initiative will deliver more than 900 new and refurbished homes in the borough.
The council was awarded over pounds 100m Private Finance Initiative (PFI) credits towards the project however, it was required by the Government to submit a value for money assessment.
It has now been notified by the Homes and Communities Agency that this assessment has been approved, which means the council can proceed to the next stage of the project.
North Tyneside Elected Mayor Linda Arkley, pictured, said: "After I was elected, I asked for a review of the initiative to ensure it better reflected the council's aims of achieving affordability and value for money.
"It led to some changes being made and I'm delighted that the Government agrees that the project offers good value for money for the public purse." The project will involve extensively refurbishing 16 existing sheltered schemes and building 10 new ones.
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|Publication:||Evening Chronicle (Newcastle, England)|
|Date:||Jul 9, 2011|
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