Omega has now started work on converting two redundant office blocks in Central Luton into 31 new apartments thanks to a successful local partnership.
Omega secured funding for the project from the HCA’s Empty Homes Initiative through Aldwyck as a Lead Investor. Additional funding was then granted from Luton Council to support the project which has now come to fruition following a relaxation of planning rules around the conversion of redundant office blocks.
The buildings on Inkerman Street and Rothsay Road are due to be completed by Christmas.
Demetrios Antoniou, Chief Executive Officer at Omega Housing said, “We are excited that the two projects at Inkerman Street and Rothesay Road are now being developed for local residents as affordable housing, which has been made possible via a close partnership arrangement with Aldwyck Housing and Luton Borough Council. Omega Housing are now keen to expand on this success and are actively seeking similar opportunities with other Local Authorities.”
Keith Edwards, Head of Development and New Business said, “We are delighted to have assisted Omega through the process of securing HCA grant. One of the problems in Luton is the limited availability of residential land and this project shows an innovative approach to providing much needed accommodation. I’ve been particularly impressed with Omega’s speed in securing these opportunities and I hope we can assist them and others in securing further funds for similar projects throughout the region.”
In addition to these units, we have demonstrated our commitment to the HCA’s Empty Homes initiative by completing on a further six homes in Luton and started on site this week for another ten homes in Bedford.
Cllr Tom Shaw, Portfolio Holder for Housing in Luton, said: “This exciting new development will ensure local families can move into quality new homes which the town is desperately short of. These empty offices have been a real eyesore and a wasted resource in the area so I am delighted to be working with committed partners such as Omega and Aldwyck to make it happen.”