The City Council will deliver nearly 2,000 new homes over the next four years, with more than half let at social rent prices.

Last year Oxford City Council delivered 241 new homes – a 52% increase on the previous year, 2020/2021.

Almost two thirds of the homes delivered in 2021/22 are being let at what the council claims is affordable social rent – which in Oxford is typically around 40% of an equivalent private rent.

Another 85 homes are shared ownership.

The number of houses is set to rise significantly over the next four years, with a further 1,923 homes already forecast in the council’s housing supply pipeline between now and the beginning of 2026.

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This forecast currently includes 1,044 homes at social rent prices.

The council’s target is for 1,600 new affordable homes during the next four years, with at least 850 of these let at social rent.

Councillor Alex Hollingsworth, cabinet member for planning and housing delivery, said: “Over the next four years we’re expecting to deliver nearly 2,000 new affordable homes, with more than half of these let at social rent.

“Affordable housing makes a life-changing difference to people’s lives, particularly in the face of a cost-of-living crisis that is already forcing people to choose between heating and eating.”

The council has also been working closely with housing associations to increase the number of affordable homes in Oxford.

 

Read more from this author

This story was written by Matthew Norman, he joined the team in 2022 as a Facebook community reporter.

Matthew covers Bicester and focuses on finding stories from diverse communities.

Get in touch with him by emailing: Matthew.norman@newsquest.co.uk

Follow him on Twitter: @OxMailMattN1

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