Problems with the plans to build 93 social homes on a former scrapyard, backed by more than £2m from the Challenge Fund and roughly £1m from Isle of Wight council, have led to the corporation's intervention.
A spokesperson for the corporation said: "[We are] aware of the difficulties surrounding the development on the Oakfield site. As part of our regulatory work we will be carrying out a review of our financial commitments to the scheme and a decision will be made in consultation with other stakeholders."
Despite delays caused by decontamination, a source at the council said the building work was finally due to begin. He said further delays to the scheme would be a "major blow" to a council facing a growing housing shortage.
The Housing Corporation's appointees to the association's board included: Julie Barnett, development director of Signpost Housing Group; David Shelton, resources director of Testway Housing; and Christopher Carlisle, chair of Martlet Homes.
Isle of Wight Housing Association declined to comment.
Source
Housing Today
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