Building of affordable homes gets underway
The building of 16 brand-new affordable homes on a development called Pembroke in Milton Keynes, has officially begun. The affordable properties are being delivered by CALA Homes and the Milton Keynes local authority, as part of phase two of the CALA at Whitehouse development, which will bring a further 64 high-quality new homes to the area.
The 16 properties brought to Pembroke by Stonewater will feature a mix of two to four-bedroom houses and one-bedroom maisonettes, helping to boost the number of new affordable homes in Milton Keynes, available for local people.
The development will include three properties available for social rent and 13 shared ownership properties for local people to buy their own home using this affordable scheme.
Shared ownership is Stonewater’s part-buy and part-rent scheme which enables prospective homeowners to buy a share of their home and pay discounted rent on the remaining share. Giving more people a realistic and affordable way to purchase a brand-new home.
Chris Montague, Assistant Director of Development in the East at Stonewater said: “At Stonewater we’re committed to delivering brand-new homes that range in tenures to meet the challenges of the housing crisis in England and we are leading on one of the most significant and progressive development programmes in the UK at the moment, providing at least 1500 new homes every year.
“We’re looking forward to delivering these much-needed and affordable homes to Milton Keynes, particularly for people looking to settle down and buy their own home. A recent survey looking at how average wages compare to average rents, showed that people living in this part of the country spend around 48 per cent of their earnings on rent. This can make getting on the property ladder increasingly difficult.”
Claire Studdart, Affordable Housing Manager at CALA Homes said: “Construction is well underway on the second phase of our CALA at Whitehouse development and we are delighted to be working with Stonewater to deliver a further 16 affordable homes in Milton Keynes as part of this.”