The city’s largest landlord will spend £60 million on 600 new homes in Peterborough over the next three years - but is aiming to build even more.
Cross Keys Homes, which is currently working on a number of building projects, is hoping that the outlay will help reduce the number of people on the city’s housing waiting list, which currently stands at 9,500.
And the housing association says that it is keen to speak to landowners who may be contemplating selling their sites in a bid to build even more houses.
Julian Foster, director of resources at Cross Keys, said: “We have about 600 new homes already committed to be built and that process started last year and will run until 2015.
“We have set a target of building at least 250 per year.
“We hope to build up to 1,000 homes by 2015 but that relies on us acquiring new sites.
“At the moment we have about 15 sites in Peterborough where we are building houses but we are keen to talk to local landowners who want to sell land.”
Among the sites that Cross Keys is currently working on are the Vista site behind Peterborough United’s London Road football stadium, where the housing association is building 120 out of the 300 homes planned for that area.
Eighty homes are currently under construction at the Cardea site in Stanground as well as sheltered housing at George Mellows Court in Eye.
Developments are also planned in Priestgate, Atherstone Avenue in Westwood, Honeyhill in Paston and the Pyramid Centre in Bretton.
The homes will be a mixture of affordable housing, shared ownership units and maisonettes.
Mr Foster added: “Not only will these homes provide accommodation for people desperately in need of that but they will also boost the local economy significantly by creating many new jobs.
“Peterborough’s situation is no different to many other towns and city in the UK.
“It has a very high, house waiting list and hopefully our new homes can help reduce that.”
Factfile on Cross Keys Homes
peterborough landlord looks to hit housing target by 2015
Cross Keys Homes is the city’s largest housing association following the transfer of the city council’s 10,000-strong housing stock over seven years ago.
The group is a not-for-profit charitable housing association which employs an executive team and 250-plus staff to manage the day-to-day running of the business.