Knightstone Housing and Lovell are working in partnership to develop two new housing schemes in Bristol.
The developments will provide 39 new affordable homes for rent, and are to be built on sites of former elderly people's homes.
The plans include 19 houses and six flats at Goffenton Drive in Oldbury, Bristol. This £2.3 million scheme will offer a mix of homes for rent and shared ownership. They will be built on land previously occupied by the elderly persons' home, Gleeson House. The new development is set for completion in May 2014.
There will also be a further 10 houses and four flats at Birchwood Road, Brislington, Bristol, all for affordable rent, on the site of the former Birchwood elderly persons' home. The £1.4 million development is due to be completed in March 2014.
Funding for the two schemes has come from the Homes and Communities Agency, Bristol City Council and private finance raised by Knightstone.
Mike Day, director of Development and Home Ownership at Knightstone, says: "We're delighted to be involved in the regeneration of two Brownfield sites in Bristol, and to be assisting with the ongoing delivery of the Council's affordable housing programme."
Homes at both sites will incorporate high levels of energy efficiency. All the homes will meet Level 3 of the Code for Sustainable Homes with a number of properties at each development reaching Level 4 of the Code.
The developments will also create opportunities for local people to train as construction apprentices with Lovell.
"These two schemes will provide much-needed high-quality modern homes for rent for local residents," says Lovell regional director David Gough. "We are delighted to be working in partnership with Knightstone Housing to deliver the two developments."