Homes England has provided a £7m loan from the Home Building Fund to Forge New Homes to build 58 homes at Welbeck Gardens in Bolsover, Derbyshire.
The development will include a mix of three- and four-bedroom homes, with some available as affordable housing.
The site is designed to be family-friendly, with green spaces and good access to shops, cafes and schools.
The Home Building Fund supports small and medium-sized housebuilders who may struggle to get traditional finance, aiming to speed up housing delivery and help create strong communities.
Simon Century, chief investment officer at Homes England, said: “Small and medium-sized housebuilders are essential to building the diverse and resilient housing sector the country needs.
“Welbeck Gardens is a prime example of how we are working with partners like Forge New Homes to support the SME housebuilders that are crucial to building a diverse and resilient housing sector.”
Andy Beattie, managing director of Forge New Homes, said: “Our aim has always been to deliver new homes that are both attainable and affordable for local people.
“This partnership with Homes England is a significant step forward, and we’re grateful for their support in helping us make these much-needed homes a reality.”
