News story published on 30 April 2018
Investment in excess of £1.2 million is set to bring 20 new affordable homes to Offord D’arcy.
Cambridgeshire and Peterborough Combined Authority has approved £570,000 grant funding to support our development in the Huntingdonshire village. The funding comes in addition to a £75,000 grant from Homes England, the national housing agency launched by the Government in January, and £500,000 investment from CKH.
The funding will enable the delivery of 17 homes for affordable rent and three homes which will be available to buy through shared ownership. It is hoped the two and three bedroom homes will help to ease housing waiting times in the village where demand for homes is high due to a shortage of affordable options.
Azhar Ahmed, senior development manager with CKH, said: “Affordable homes are incredibly important in rural communities like this where local people can find themselves priced out of the place they call home because there are simply not enough homes of any variety to meet demand.
“We have a great track record of working with local authorities to make sure that the homes we build address the needs of the local community. We’re very pleased that we’ve managed to secure the right funding to deliver the homes that Offord D’arcy needs.”
Head of Development at Huntingdonshire District Council, Andy Moffat, said: “This development is the result of a lot of hard work over a long period and we have worked closely with Cross Keys Homes and the Combined Authority to ensure its delivery.
“The District Council is particularly pleased at the outcome which means all the homes on the site will be Affordable Housing available to people who cannot afford housing at open market levels, with prioritisation being given for the majority of the homes to people with a connection to the Offords. We continue to support initiatives such as this in villages where there is a need and look forward to seeing the first homes occupied during next year.”
Due for completion in early 2019, work has already begun on site.