UK house builder Redrow has generated a land value of more than £ 4 m ( $ 15 m ) and agreed to protect £ 3 m of that sum as part its a strategic partnership with Liverpool Mutual Homes and Liverpool City Council . The joint venture aims to build 500 new homes by 2020 , with the city council offering up local authority land for sale to Redrow . That land is then ring - fenced , while Liverpool Mutual Homes builds affordable housing . Two hundred and fifty units have been delivered since the scheme 's launch in February 2015 , with another fifty under construction .
UK house builder Redrow has generated a land value of more than £4m ($5.3m) and agreed to protect £3m of that sum as part its a strategic partnership with Liverpool Mutual Homes and Liverpool City Council. The joint venture aims to build 1,500 new homes by 2020, with the city council offering up local authority land for sale to Redrow. That money is then ring-fenced, while Liverpool Mutual Homes builds affordable housing. Two hundred and fifty units have been delivered since the scheme's launch in February 2015, with another 150 under construction.