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Following last year’s announcement of its greatly increased development aspirations, Cross Keys Homes has started work on a key strategic Cambridgeshire development which will provide almost 270 new affordable homes.
Cross Keys Homes is to be the affordable housing provider on a large development site in Godmanchester after being invited to bid for the homes required under the planning agreement negotiated with Huntingdonshire District Council earlier last year.
Cross Keys Homes is building on its existing presence already in the area to continue to deliver its ambitious development and growth programme to lead the way as a truly socially responsible business in the East of England.
Following a £32 million investment, Cross Keys Homes will acquire 184 affordable rented properties and 79 shared ownership homes over a five year period, with the first handovers anticipated in 2017. These are being built alongside 490 outright sale properties by national housebuilders David Wilson Homes and will provide a major economic boost to the town of Godmanchester as well as many much needed affordable homes in Cambridgeshire.
Cross Keys Homes’ Executive Director of Development and Sales, David Keeling, added: “The housing crisis is continuing to bite which is why we have such a major development programme over the next couple of years.
“We want to ensure that local families and individuals are able to afford to continue to live and thrive in Cambridgeshire.”
Cross Keys Homes’ Chief Executive, Claire Higgins said: “We are committed to ensuring that building many more affordable homes is a key priority of our business plan.
“We are determined to do all that we can to tackle the housing crisis and look forward to being able to welcome nearly 270 families and individuals to their new affordable homes.
Graham Bull, Executive Councillor, Strategic Planning and Housing at Huntingdonshire District Council, added: “There is a pressing need for affordable housing in the district and house prices continue to rise. The Council is therefore very pleased to be working with Cross Keys Homes; the homes to be built will make a significant contribution to helping those who would otherwise struggle to afford housing on the open market.”
The site located just off the A14 on Bearscroft Farm is just the start of Cross Keys Homes’ ambitious development programme which will see at least 400 new homes built per year by 2020.
The key strategic site is an important part of Cross Keys Homes’ expansion of its development portfolio regionally.
Cross Keys Homes continues to be on the lookout for future development opportunities in Cambridgeshire where more new affordable homes can be built to help support, grow and transform local communities.