Housing venture is agreed by council

A joint housing venture has been agreed between Peterborough City Council and Cross Keys Homes, the city's largest housing association.

Monday, 1st August 2016, 6:00 am
Updated Thursday, 25th August 2016, 7:07 pm
Peterborough City Council news from the Peterborough Telegraph - peterboroughtoday.co.uk, @peterboroughtel on Twitter, Facebook.com/peterboroughtoday

The council will put £100,000 towards the operating costs of the venture and £20 million of capital funding has been set aside which can be invested.

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The company will have the power to acquire land, develop homes and sell completed accommodation.

Councillor Peter Hiller, cabinet member for growth, planning, housing and economic development, said: “We are continuing to do what’s right for the taxpaying residents of Peterborough.”