The Mayor and the Combined Authority are committed to increasing the number of new homes built in Cambridgeshire and Peterborough, to meet the needs of a growing economy and address issues of affordability.
We are looking to work with developers, housebuilders, housing associations, Community Land Trusts and other partners across Cambridgeshire and Peterborough to help us achieve this.
As part of the Devolution Deal, the Combined Authority will receive £170 million between 2017 and 2022 to deliver an additional 2,500 new affordable homes. £70 million of this is ring-fenced towards a comprehensive housebuilding programme led by Cambridge City Council which will provide at least 500 new council-owned homes. A further £100 million will be invested across Cambridgeshire and Peterborough to deliver a minimum of 2,000 affordable homes.
The Combined Authority Board has approved a Housing Strategy which sets out a variety of ways in which the Authority and partners can use their funding and powers to unlock stalled developments and accelerate delivery of new housing.
What is being delivered so far?
Investment in new Affordable Homes
Just under £40 million in grants and £40 million in loans has been approved by the Combined Authority Board and Housing Committee to date to deliver 38 schemes.
The loan investments will be repaid to the programme and establish a recycling fund to enable investment beyond 2022.
668 homes have Started on Site and 199 completed to date.
The milestone for 2020 was to agree and promote housing developments across the Cambridgeshire and Peterborough region to reach 1600 homes by the end of calendar year.
The Combined Authority has achieved 1589 by June 2020. Having started in 2017, the project is currently mid-way, concluding in March 2022.
Cambridge City Affordable Housing Programme
The City Council is using the Devolution funding alongside its housing revenue budget to deliver new homes for rent, through the Cambridge Investment Partnership.
The programme will deliver a minimum of 500 new homes for council rent by March 2022.
The Mayor's £100K Homes
£100K Homes is the Mayor's flagship affordable housing scheme.
A 1-bedroom home in your community that you can own 100% for £100,000.
This scheme will bring real Affordable Ownership to working people, as well as keeping communities together and reducing the carbon footprint of the daily commute. Interest and support from the public will help the Cambridgeshire & Peterborough Combined Authority deliver these homes more quickly and at greater scale.
Supporting Shared Ownership
We've linked up with affordable home ownership specialist Share to Buy to bring you a new platform dedicated to those looking to buy a home in the region.
This website has the low down on affordable home ownership schemes Shared Ownership, Help to Buy and Cambridgeshire and Peterborough Mayor James Palmer's new £100k Homes project.
Benefits of registering
· Search for the latest homes available in the Cambridgeshire & Peterborough Combined Authority region
· Receive property alerts when new homes are added which meet your criteria
· Get updates on the latest new housing developments in the region
· Receive exclusive invites to home buying events
How to follow the Programmes' Progress
Performance updates on the two housing programmes are provided to the Combined Authority's Housing and New Communities Committee on a quarterly basis - papers from the 3 April can be found at http://cambridgeshirepeterborough-ca.gov.uk/meetings/housing-and-communities-committee-3/?date=2019-04-03
How to get involved
Our Housing and Development Team is keen to explore opportunities to partner with developers, housebuilders and housing providers to deliver new affordable homes in Cambridgeshire and Peterborough. Please contact the team for a discussion in the first instance.
Apply for funding from the Housing Programme
The Combined Authority can invest in schemes within Cambridgeshire and Peterborough via grant or loan, provided schemes will start on site by 31 March 2022. This might be via a traditional grant for new affordable housing or investment in on or off-site infrastructure, subject to State Aids regulations.
We will consider applications for funding to deliver new affordable homes across all tenures, provided the scheme has the support of the local planning authority.
For an initial discussion please contact Housing and Development
If you have queries regarding the Housing Programme or potential funding, please call 01480 277180.
Roger Thompson, Director of Housing and Development
Nick Sweeney, Development Manager (Residential)
For queries specific to the City Council’s programme, please contact
Claire Flowers, Head of Housing Development Agency