Housing and Growth Deal – Housing

Average house prices in Oxfordshire are at over 10 times median earnings and up to 17 times median earnings in the city of Oxford. The Deal helps support Oxfordshire’s ambition to plan and support the delivery of circa 100,000 new homes – including additional affordable housing – across the county between 2011 and 2031 to address the severe housing shortage and expected economic growth.  This is the same level of housing growth already planned for in existing and emerging Oxfordshire Local Plans. The Deal also provides Oxfordshire with bespoke arrangements that offer protection against speculative planning applications for the next three years.


 

Let’s Build Affordable Homes

As part of the £215m Housing & Growth Deal, some £60m funding is intended to support an Oxfordshire-wide affordable housing programme that will support delivery of at least 1,320 affordable homes across a range of tenures to start on site by 2021. All forms of affordable tenure will be supported in the Housing & Growth Deal, including rent to buy, shared ownership, and homes for affordable and social rent to meet the needs of residents across the county and support the growth of the local economy. While targets remain flexible over tenure split, the Growth Board is committed to delivering the homes that meet the needs of local people.

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South & Vale Didcot Statue

Further investment

In addition to the Housing & Growth Deal, a further £300m of investment from the Government’s Housing and Infrastructure Fund (HIF) is awaiting final approval. This will fund transport infrastructure needed to support the delivery of Didcot Garden Town. In total we hope to secure up to £500m of investment for housing infrastructure, which will help unlock planned housing and provide further affordable homes.

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Elmsbrook eco town Bicester

Innovation in housing

The Growth Board is committed to exploring innovation in housing construction, including the application of off-site modular and self-build concepts. This is alongside building on healthy living designs for new developments, such as the Bicester Garden Town, tying in with the aims of Active Oxfordshire and the Environment Agency.

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