Cambridgeshire and Peterborough Affordable Housing Programme Update
"Explore the latest update on the £170 million Affordable Housing Programme as of August 2019, targeting the construction of 2,500 homes by March 2022. Learn about the strategic context, milestones achieved, and future plans to address housing needs in the region."
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Presentation Transcript
170 million Affordable Housing Programme Update August 2019
Strategic Context for Housing Strategic Context for Housing Cambridgeshire and Peterborough Independent Economic Review (CPIER) Housing Needs Assessment Growth Ambition Statement Non-Statutory Spatial Framework Phase 2 Local Transport Plan Cambridge CAM Metro
170m Affordable Housing Programme Targets 170m Affordable Housing Programme Targets 2,500 homes to start by 31 March 2022 as part of Cambridgeshire and Peterborough s Devolution Business Case 70 million ringfenced for Cambridge City to deliver 500 new affordable homes 100 million to deliver 2,000 new affordable homes across Cambridgeshire and Peterborough CPCA Housing Strategy (approved Sept 2018): 60 million affordable housing grant / infrastructure grant 40 million invested via revolving fund, loans & other direct market interventions
170m Programme 170m Programme Milestones Milestones Total funding currently Board approved (CPCA & Cambs City combined) 120.5 million 13.5 million in grant from CPCA 37 million in revolving fund 70 million Cambs city Board Approvals in place to deliver 1456 homes 62 homes now completed 403 homes Started on Site Mayor Palmer on site with Nigel Howlett, Chief Exec Cambridge Housing Society, Melbourn in June 2019 As at Aug 2019
170 Programme Looking forward 170 Programme Looking forward - - Remainder 2019/20 Remainder 2019/20 Cambridge City programme to progress sites currently in for planning Increased team capacity within CPCA Housing and Development team Target to reach minimum 1,830 units approved by respective Boards in programme by end March 2020 1,280 units in 100m programme 550 units in 70m programme See progress in more schemes, to achieve 625 units started on site in year 2019/20 Work with partners to progress new grant applications in order to de-risk programme
