Peterborough to get nearly 50 new affordable homes

Twenty of the new homes will be shared ownership homes with Heylo Housing site at Roman Fields, Paston, Peterborough, while the other 28 will be affordable rented units in Stanground, Peterborough.

The homes are being built by the Combined authority, and other projects will take place across Cambridgeshire.

Mayor James Palmer said: “I am delighted that even in the most challenging of times, we can deliver hundreds of new affordable homes across Peterborough, Huntingdon and the Fens, which are so sorely needed.

“No doubt, the world has been changed by the Covid-19 virus but it hasn’t stopped turning, and we will continue to plan for the future in bringing forward thousands of affordable homes for residents over the coming years.

“I am absolutely committed to leading the economic recovery of Cambridgeshire and Peterborough. Making sure that people have homes they can afford is a fundamental cornerstone to our ambition to build back better.”

In total the authority has committed to building 296 affordable homes, with 65 affordable rent and 29 shared ownership, with Man GPM site at Alconbury Weald, Alconbury, 90 affordable homes in March Town Centre over three sites, made up of 70 affordable rent and 20 shared ownership, with Funding Affordable Homes HA, and 64 affordable homes, a mixture of social rented and shared ownership, at RAF Upwood, Huntington, with Evera.

The new affordable homes announced today, take the total up to 1,596 funded by the Combined Authority, meaning it is over 75% of the way towards fulfilling its ambition to create 2,000 new affordable homes by March 2022.

As part of its devolution deal in 2017, the Combined Authority negotiated £100m of government funding for affordable housing, with a commitment to fund 2,000 homes by 2022.