The latest news from the Cambridgeshire & Peterborough Combined Authority:
The Combined Authority has today approved funding for a new dedicated team tasked with establishing Community Land Trusts to strengthen communities and deliver affordable housing across Cambridgeshire and Peterborough.
Mayor James Palmer today (Friday 14th) visited new homes in Melbourn, South Cambridgeshire, which were unlocked through the Cambridgeshire & Peterborough Combined Authority's £100 million Affordable Housing Fund.The eight homes are part of a new phase at Victoria Heights being built by local company Granary Developments.
Medesham Homes, an equal Joint Venture between partners Cross Keys Homes and Peterborough City Council, has been successful in its bid for grant funding from Cambridgeshire & Peterborough Combined Authority to help build desperately needed affordable homes in Peterborough.As part of the Combined Authority's commitment to seek to accelerate the delivery of affordable housing, Medesham Homes has been successful in its bid for £735,000 for their Belle Vue development in Stanground which will see 30 new homes completed this year.Clair Higgins, Chief Executive of Cross Keys Homes and a Board Member of Medesham Homes said: "Building new affordable homes for the city is a priority of ours, so to receive this funding which will help to accelerate a sustain even more new homes for affordable rent and meeting local need, is fantastic news."Medesham Homes' Board Member, Howard Bright, added: "We are determined to make a positive difference by building as many new affordable homes as we can.
Cambridgeshire & Peterborough Combined Authority plans to establish ambitious housing targets to 2050 that will capture the true housing needs of the local area, stating that current figures fail to fully take into consideration local plans for growth.
A landmark loan of £6.5m has been exchanged by the Cambridgeshire and Peterborough Combined Authority with the East Cambs Trading Company (ECTC) to support a community-led development that will deliver affordable housing for rent and sale in East Cambridgeshire.
The Cambridgeshire & Peterborough Combined Authority Board has today (September 26) agreed a bold, innovative and ambitious housing strategy to help tackle the region’s housing needs.
Community land trusts, discounted homes capped at £100,000, and taking a more direct role in housing delivery through its own development company are all part of a bold and innovative new housing strategy to be recommended to the Cambridgeshire and Peterborough Combined Authority Board on Wednesday, 26th of September.