University considering joint ventures to tackle city’s “serious housing problem”
The University of Cambridge is “very keen” to consider joint ventures with housing developers to tackle the city’s “serious housing problem”.
Professor Jeremy Sanders, pro-vice chancellor for institutional affairs at the university, told a Built Environment Networking event in the city this month the university is considering “contributing to joint ventures” to create affordable housing in the Cambridge city region.
Sanders warned a “critical shortage of homes at all income levels” in the city was holding back the development of the university and the Cambridge city region as a whole.
Sanders said: “The development of the University of Cambridge’s contribution to local, national and international economy and culture is currently constrained by poor transport connectivity and a lack of adequate or affordable accommodation for our postgraduate students, postdoctoral researchers, permanent staff and expansion space for research.”
To help address the problem the University of Cambridge has begun developing the £300m first phase of a massive housing-led scheme, North West Cambridge (pictured), which ultimately will deliver accommodation for 2,000 postgraduates, 1,500 key worker housing units, 1,500 market homes and other amenities and academic facilities.