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Cross Keys Homes (CKH) has acquired the former John Mansfield School site as part of their drive to bring more affordable homes to Peterborough.
With funding secured to support the development, CKH is set to deliver 81 affordable 1, 2 and 3 bedroom homes for rent and shared ownership.
Working with national housebuilders, Keepmoat Homes, the development will transform the former school site in Dogsthorpe into a thriving neighbourhood of more than 200 homes.
This is the latest in a long list of Peterborough-based developments from Cross Keys Homes who are also currently working on new homes in Westwood, Hampton and Whittlesey. Last year the housing association secured an £80 million loan investment from Lloyds Bank Commercial Banking and Handelsbanken to support ambitious plans to build 2,000 new homes by 2021.
Cross Keys Homes’ Chief Executive, Claire Higgins, said: “Building homes in Peterborough is a fundamental part of our plans as we know there is a real need for affordable options in many communities across the city.
“Working with respected development partners and funders, we know that we can continue to provide homes that mean people don’t need to choose between quality and affordability. We are delighted to be able to provide more than 80 families with a place to call home at the former John Mansfield school site.
“We always want to do more though, and have all the funds in place to support that ambition and more besides, so we are actively seeking good opportunities to build new homes on other sites in Peterborough and the surrounding area. We positively welcome approaches from developers and housebuilders to help our vision become a reality”
Construction will start on site in Dogsthorpe this month with the first affordable homes due for completion in early 2019.