Housing committee approve plans for 27 additional shared ownership homes with £1,209,000 grant funding

Housing committee approve plans for 27 additional shared ownership homes with £1,209,000 grant funding

The Housing and Communities Committee of Cambridgeshire & Peterborough Combined Authority has today, (6 September), approved a £1,209,000 grant to fund the development of 27 affordable homes with shared ownership in East Cambridgeshire, Peterborough City and Fenland District Council areas.

The grant allocated is to support the building of:

• 11 new homes for shared ownership by SN Development, bringing additional affordable houses for the Haddenham area to help address the need of suitable accommodation within the East Cambridgeshire District Council area.
• 6 new homes for shared ownership at the Larkfleet Homes development at Harrier’s Rest, Wittering. These units will add to the 30% affordable housing already secured through planning gains obligation for this scheme and will add to the affordable housing delivery programme in the Peterborough City Council area.
• 8 new homes for shared ownership at the Larkfleet Homes development on Whittlesey Green, Whittlesey. These units will add to the 25% affordable housing already secured through planning gains obligations for this scheme and will add to the affordable housing delivery programme in the Fenland District Council area.

Awarding of this grant is still subject to funding approval of the balance of monies for the existing £100 million affordable housing programme from the Department for Business, Energy & Industrial Strategy and Ministry of Housing, Communities and Local Government. This also includes approval for the Combined Authority to be able to substitute any non-progressing sites from the original 2021/22 programme.

Dr Nik Johnson, Mayor of Cambridgeshire and Peterborough said:

“These additional shared ownership homes are an example of the projects we have in our pipeline that I am confident will exceed the Combined Authority’s target of 2000 affordable homes by March 2022.

“Providing affordable housing for residents in locations like the Haddenham area, Wittering and Whittlesey, where they are clearly needed, is a focus from me and the Combined Authority.”