A fund to provide affordable homes in Glendale is expected to reach the £100,000 milesteone by Christmas.
The Glendale Gateway Trust (GGT) launched a community bond scheme in October and the total has now reached £94,000.
“We’ve been delighted with the response,” said GGT chairman Patsy Healey. “Our plan to develop nine affordable homes in Wooler has clearly struck a chord with people locally, and the money goes a long way towards helping finance the scheme.
“This is a real demonstration of community support.”
The Trust will be providing five flats in the former Wheatsheaf Hotel building and four in the former Abbeyfields Home (now West Mansfield House) just off the High Street.
The trust has had two major contributions with Lilburn Farming Partnership and Ford and Etal Estates both buying £30,000-worth of bonds.
Also included in the £94,000 sum is £12,000 in outright donations.
“We received one cheque from an anonymous benefactor for £10,000,” said GGT director Tom Johnston. “It really is heartwarming to see people supporting this project by making a real commitment.
“The days of easy public money are gone. In the past, many community projects were achieved by public subscription – which in a way is what we are doing today.”
Before the bond scheme was launched, the Nigel Vinson Charitable Trust had donated £40,000 towards the cost of buying the Abbeyfields building.
The homes are being built with the help of grants from the Homes and Communities Agency.