Cash boost for affordable housing

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Cash boost for affordable housing

Eleven affordable housing schemes across Cambridgeshire and Peterborough are set to receive a cash injection to accelerate the delivery of housing in the area.

The Cambridgeshire and Peterborough Combined Authority will meet today to agree £4.56m of grant funding to 11 schemes for 253 affordable new homes split across all the partner local authorities.

All schemes are expected to start on site before the end of March 2018, with a number of projects commencing before the end of this year.

The funding due to be agreed at next week’s Board meeting includes two sites in Peterborough.

Commenting on the developments, Councillor John Holdich, leader of Peterborough City Council and deputy mayor of Cambridgeshire and Peterborough, said: “This vital funding would mean that both sites in Peterborough can be 100% affordable housing and their construction can be accelerated. Working in close partnership with Cross Keys Homes around half of the homes would be for affordable rent, including the sites at Newark Road and the former John Mansfield School site, with levels set at 80 per cent of market rent, with the rest being shared ownership properties.

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