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Cross Keys Homes has committed to build over 1,800 new affordable homes by 2021.
This forms part of the housing associations long term strategic development plan which will utilise over £5.9 million of grant funding from the Homes and Communities Agency, together with £150 million raised from their own bond deal as well as utilising internal funding.
The housing association is already on site with over 1,340 of these new homes, marking its busiest growth year to date.
Cross Keys Homes’ Chief Executive, Claire Higgins, said: “We care about what we do, about the people and communities we help, and ensuring that every penny is spent wisely. The housing crisis is continuing at such a pace that affordable housing is needed now more than ever and we’re totally determined to make sure we do all that we can to help meet the demand for new affordable homes.”
Cross Keys Homes’ development programme consists of various tenure types to help people in the most appropriate way for their current needs, whether that be taking the first step onto the housing ladder, affordable rented properties or supported housing.
With the National Housing Federation’s recent Home Truths report showing that average house prices in Peterborough are seven times average salaries, the need for affordable homes has never been greater.
The housing association has contracted homes to be built in Woodston, Eastfield, Orton Brimbles, Thorney and Eye, as well as in surrounding counties including Cambridgeshire, Milton Keynes, Bedfordshire, Northamptonshire, and Fenland.
Cross Keys Homes continues to be on the lookout for future development opportunities where more new affordable homes can be built to help support, grow and transform local communities. To find out more visit: www.crosskeyshomes.co.uk