The four year deal, which will see the HCA invest £5m with the rest provided by Basingstoke-based Sentinel, will deliver 302 new homes – including 187 for rent and 115 for shared ownership – on sites from Andover to Aldershot.
Sentinel is one of the first landlords in the country to sign up to the HCA’s Affordable Homes Programme, which is set to deliver 80,000 new affordable homes across England by 2015.
HCA executive director for the South and South West, Colin Molton, said: “This agreement is great news as it will see much needed new homes delivered in north Hampshire and make a significant difference to the local communities in which we work.
“Our local teams have worked closely with Sentinel over recent months to ensure that its programme brings the maximum benefit for local people. But in many ways, the hard work starts now – and we will be focused on ensuring that people in North Hampshire see the benefits of our investment over the next four years.”
Sentinel chief executive, Martin Nurse, added: “We want to provide as many new affordable homes as possible, and this is an important first step. The investment allows us to progress our plans for regeneration, provide better supported housing, and increase rural homes.
“We are working on innovative funding models in the current economic climate, and expect to announce the delivery of many more homes in the near future.”