Just under £8 million in grants and £37 million in loans has been approved by the CA Board to date to deliver 17 schemes.
Combined Authority launches bold, innovative and ambitious housing strategy. jessica.eritou@hrsdc-rhdcc.gc.ca, Angelina Ritacco Office of the Honourable Ahmed Hussen
Please contact the team for a discussion in the first instance. The Combined Authority’s strategy aims to be more innovative in using a variety of development tools and options, in addition to traditional grants to deliver the additional homes. “With an entrepreneurial spirit, along with well managed and selected housing development opportunities, there is the potential over time for returns and profits to be reinvested into creating a larger and growing revolving fund, with the capacity to magnify its impact on delivering more affordable housing units.”. Schemes such as Community Land Trusts (CLTs), discounted market homes priced at £100,000 at first sale and mechanisms such as Land Value Capture (LVC), are all designed to bring new direction and innovation into tackling the area’s housing problems. The City Council is using the Devolution funding alongside its housing revenue budget to deliver new homes for rent, through the Cambridge Investment Partnership. The Mayor and the Combined Authority are committed to increasing the number of new homes built in Cambridgeshire and Peterborough, to meet the needs of a growing economy and address issues of affordability. Monitor our most recent coronavirus (COVID-19) updates. As part of the Devolution Deal, the Combined Authority will receive £170 million between 2017 and 2022 to deliver an additional 2,500 new affordable homes. More details on the housing unit targets are included, specifically City and Township targets, and details about income levels. Homelessness - Home owners and private renters: Recently the government announced a suspension on all evictions for at least the next 3 months. As part of the Devolution Deal, the Combined Authority will receive £170 million between 2017 and 2022 to deliver an additional 2,500 new affordable homes. The Combined Authority’s housing strategy can be viewed here.
deliver a minimum of 2,000 affordable homes. 26 September 2018. “Schemes like community land trusts (CLTs) allow people to stay in the communities they are connected to by offering rental homes that are truly affordable. Thanks to investments made by the Government of Canada, residents of Peterborough will soon have access to more stable rental housing options. The strategy will also see the Combined Authority launching a development company, which will be solely focused on the delivery of additional housing stock, in-line with the overall strategic housing goals, and in ways which minimise risk. We will consider applications for funding to deliver new affordable homes across all tenures, provided the scheme has the support of the local planning authority. MP Maryam Monsef outlines the federal Liberals' new national housing strategy in Peterborough Saturday. Can you tell us about the problem? “I endorse this housing strategy because it brings forward the innovative solutions we need to break that cycle. This is why, through Budget 2018, the Government increased the amount of low-cost loans provided by this initiative from $2.5 billion to $3.75 billion and further increased to $13.75 billion with budget 2019. There was the requirement for a revised Housing Strategy for Peterborough to ensure stakeholder requirements were being met. The first 8 affordable homes funded vis the Combined Authority's programme were completed in August 2018 and were delivered by Palace Green Homes as part of a Community Land Trust scheme at The Shade, Soham, East Cambridgeshire.
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