A housing developer is to build its first new homes in years after a bumper 12 months.
Lune Valley Rural Housing Association plans to provide more rental properties across North Lancashire.
Its annual report shows an operating surplus of more than £200,000 for the 18 months ending in March.
Hugh Clay, chairman of the association, said: “For the first time in many years the association is able to consider developing a modest number of new properties over the next few years, thanks to our improved financial position.”
Richard Houghton, director of operations at Adactus Housing Group, managing agents for Lune Valley Rural Housing Association, said the association wanted to build the homes in partnership with local communities.
Tenants and shareholders were invited to the organisation’s annual general meeting, where details of the building project were unveiled at the Victoria Institute in Caton.
The Lune Valley Housing Association is a small, independent housing association managing 77 properties in Lancaster, Wyre and Craven, and provides homes for rent at below market levels.
Founded in 1989, it has developed homes in Hornby, Forton, Ingleton, Silverdale, Pilling, Caton, Over Kellet and Halton.