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Housing associations and CPCA team up to deliver affordable housing

Words: Laura Edgar
Homes / iStock_000020788340

An alliance of 15 housing associations has announced that it will work with the Cambridgeshire and Peterborough Combined Authority (CPCA) to deliver up to 40,000 affordable homes over the next 20 years.

In March 2017, the government announced a devolution deal for the Cambridgeshire and Peterborough region that included £170 million worth of funding for housing.

The collaboration between the housing associations, called Homes for Cambridgeshire and Peterborough, and the combined authority are aiming to use the money to build housing of mixed tenure, including affordable rent, for people on a range of incomes.

By 2021, Homes for Cambridgeshire and Peterborough is aiming to have built 2,000 additional affordable homes.

According to Home Truths 2017 East of England by the National Housing Federation, Cambridge is the third most expensive place to buy a home in the region, with the average house price near 17 times the average local salary. Between 2011 and 2015, 2,000 too few homes were built in Cambridgeshire and 869 too few in Peterborough.

Currently, Homes for Cambridgeshire and Peterborough own and manage 48,277 homes in the region. As part of the new deal, for every £1 the combined authority invests, the alliance will invest up to £6 of its own money.

Homes for Cambridgeshire and Peterborough comprises:

  • Accent House
  • Aldwyck Housing Group
  • BPHA
  • CHS Group
  • Clarion Housing Group
  • Cross Keys
  • Flagship Group
  • Hastoe
  • Havebury Housing Partnership
  • Hundred Houses Society
  • Hyde Group
  • Luminus Group
  • Longhurst Group
  • Metropolitan
  • Sanctuary

Alan Lewin, chair of Homes for Cambridgeshire and Peterborough, said: “As the first devolved authority to be established with its own housing grant programme, this is a groundbreaking collaboration for Cambridgeshire and Peterborough. This region is unique amongst devolved areas due to its diverse mix of urban and rural communities, ranging from world-class high-tech business centres to small agricultural communities.

“The housing associations in Homes for Cambridgeshire and Peterborough will work together with the combined authority, local authorities, and Homes England to provide diverse quality homes, including housing let at affordable rents, mixed tenure, and outright sale. This will ensure that there are homes for people on a range of incomes, while also supporting sustainable growth in our urban and rural communities.”

Peter Topping, portfolio holder for new homes and communities at CPCA, acknowledged that the region needs to increase the level of its affordable housing.

“Housing associations are a key partner in bringing affordable housing forward, so it’s great news that we now have this shared set of objectives to work from. I welcome the commitments made by Homes for Cambridgeshire and Peterborough in this statement and look forward to working with them to ensure we see some real results as quickly as possible.”

Read more:

Devolution for Cambridgeshire and Peterborough

Cambridgeshire and Peterborough agrees to investment strategy

Housing strategy approved in Cambridgeshire and Peterborough

Image credit | iStock