New Â£1.6 million Peterborough homes project aims to tackle high cost of home ownership
Work has begun on the construction of new 1.6 million social homes programme in Peterborough.
Developers Lindum are building 16 “affordable” homes at Park Lane, Eastfield, for city housing association Cross Keys Homes.
The development will take a year to complete and involves the construction of 12 affordable rented homes and four shared ownership properties.
Cross Keys Homes’ chief executive, Claire Higgins, said: “We are very pleased to be working to develop this public land into much needed affordable homes, specifically for local people.”
Mick Papworth, managing director of Lindum in Peterborough, said: “As a local business employing local people it is particularly pleasing to be building these much needed new homes for people in our own community and look forward to welcoming the first residents early in 2017.”
Cross Keys Homes’ executive director of development and sales, David Keeling, said: “With the high cost of home ownership, in many cases stand still salaries, and many of those who are in private rented properties struggling to pay for their home, truly affordable homes are needed more than ever before.
“We are committed to getting it right and are building at least 400 new homes a year to provide the much needed, good quality, new affordable homes required for local people.
“This site is just one of many we are developing here in Peterborough.”