Deal announced by South Holland District Council to build 20 affordable homes on land near Spalding town centre
Twenty new affordable homes are to be built on a former industrial site in Spalding thanks to a public-private partnership.
South Holland District Council, Cross Keys Homes (CKH), of Peterborough, and Leicestershire-based Minster Property Group are to work together on the planned Willow Walk development, off Commercial Road, Spalding.
Formerly known as Law’s Yard, the development will provide a mix of one, two and three-bedroom houses, with work at the site to start later this month and the homes likely to be completed by June 2020.
Coun Christine Lawton, portfolio holder for housing at South Holland District Council, said: "This new development will play a useful part in helping to meet local housing requirements.
"South Holland District Council continues to be committed to ensuring homes are available to those who are most in need and we welcome this renewed partnership with Cross Keys Homes to help us meet that aim."
CKH, with the backing of the district council, has secured a grant of £870,000 from Homes England to support the development, with the property firm to meet the rest of the cost themselves.
Five of the properties will be made available on a shared ownership basis, offering housebuyers a chance to pay for a 25-75 per cent share in their home, while paying rent on the rest.
The other properties will be available to rent and allocated to those on the district council’s housing register.
Claire Higgins, CKH chief executive, said: "We are seeking more and more land-driven opportunities like this where we can maximise the number of affordable homes we are building to really tackle the shortage of appropriate homes available.
"The goal is to deliver the affordable homes that people need in the places they want to live.
"Therefore, it is great to be renewing our partnership to deliver these homes in South Holland and we will be working with a fantastic local contractor, Burmor Construction, which has delivered excellent results for us elsewhere in the region."
It is more than five years since CKH, a registered provider of affordable housing, was last involved in a development in South Holland, having previously built homes in Crowland and Donington.
Previous plans for the Law's Yard site were set to deliver just two of the 20 homes as affordable housing.
However, Minster Property Group and CKH managed to acquire it with plans to deliver the whole site as new affordable homes.
Revised plans for 20 affordable homes were submitted in December 2018 and received the final go-ahead from the council’s Development Management Team earlier this month.
The shared ownership homes will be marketed for sale within the next few months.
In the meantime, anyone interested can call CKH's sales and marketing team on 01733 396406 or email firstname.lastname@example.org