Specialist housebuilder and brownfield developer, Inland Homes, has officially handed over 46 apartments to Broxbourne based housing association, B3Living, at its flagship Hertfordshire scheme, Cheshunt Lakeside, providing local residents with high quality affordable homes.
To mark the occasion, Leader of the Council, Councillor Lewis Cocking and Siobhan Monaghan, Cabinet Member for Housing at Borough of Broxbourne Council attended an onsite event on Tuesday 5th July.
Cheshunt Lakeside is a major project for the Borough of Broxbourne and once complete, will incorporate a new community of around 1,725 homes, commercial space, community benefits, and a new primary school. The first phase of construction is a partnership scheme with B3Living. In total, 195 affordable homes across two buildings will be delivered within this phase. The 46 one- and two-bedroom apartments officially handed over at the event will be available on affordable rent tenure and residents will begin moving in imminently. The remaining 149 apartments are due for completion at the end of January 2023 and will include 83 shared ownership and 66 rental tenure apartments.
Councillor Cocking at Broxbourne Borough Council said: “B3Living has invested £50m into this development to provide affordable homes to local people. This is in addition to the affordable homes agreed as part of the section 106 agreement with Inland Homes.
“We know the financial pressures people are under, particularly at the moment, and many struggle to find suitable accommodation on the private rented market or cannot afford to take the first step into home ownership. There is also a lack of affordable housing provision. B3Living is taking steps to address that shortage and I am so pleased that many local families will benefit from a high quality place to live.”
Mike Butler, Construction Director at Inland Homes, commented: “We’re delighted to handover these apartments to B3Living, not only providing much-needed homes to Broxbourne residents but also, marking a major milestone of the Cheshunt Lakeside regeneration. It’s wonderful to work with Broxbourne Borough Council and B3Living to bring the vision to life and see the new community start to take shape.”
Jon Hayden, Executive Director for Development at B3Living, said: “Thanks to these homes, there are 46 local families no longer waiting for somewhere to live. Plus, this is a very exciting development, with high specifications, that’s set to completely transform the area. The next phase of homes is coming along quickly and some of the shared ownership apartments are already reserved by people from the borough.”
The Cheshunt Lakeside masterplan will not only deliver much-needed new homes but also community benefits and infrastructure that will bring lasting benefits to the local area. The development will also include a traffic-free ‘Green Link’ for pedestrians designed to reflect the neighbouring River Lee corridor and support wildlife.
