The potential development of 5,000 new homes, including 1,500 units of affordable housing, has been approved at a council Cabinet meeting.
The plan was put forward by Milton Keynes Development Partnership and would include homes in a mix of areas around the city. These would come on top of the 28,000 properties already planned for construction by 2026.
Councillor Edith Bald, Cabinet Member for Housing as well as an independent member of the MKDP Board, said: “These extra homes are great news for Milton Keynes. The prospect of new attractive, affordable homes built to high standards of energy efficiency is something I am right behind. Creating more affordable housing stock is the best solution to homelessness.”
Housing stock has increased in Milton Keynes by 18 per cent between 2001 and 2011, the largest increase of any English town or city and faster than the local population growth of 17 per cent. This helps to keep house prices lower than the national average and makes it easier for people to access jobs. The average house price in Milton Keynes is £206,800. This compares to the national UK average of £250,000.
The plan also states that MKDP aspires to “better conceptual design and architecture, particularly for residential development” and that it is “seeking to promote enhanced sustainability and energy performance requirements where appropriate and viable”.
Aside from residential housing, the plan proposes a review of Central Milton Keynes commercial development sites and calls for a comprehensive review of the Central Milton Keynes car parking strategy which could result in allocating land for new multi-storey car parks in the years ahead.
MKDP was set up to manage the land and assets acquired by the council from the Homes & Communities Agency in January 2013 in a ground-breaking deal worth £32m.
Charles Macdonald, Chief Executive of MKDP said: “MKDP has performed very well in its first year of operation. We’re actively negotiating five transactions, which hopefully will include a new hotel and leisure development on the former Wyvale Garden Centre site which will deliver up to £20m of inward investment and 300 new jobs; 45,000 sq ft of new ‘Grade A’ office accommodation in Central Milton Keynes; and the potential for significant leisure development and enhancements to the National Bowl.
“Exploring the development of some of our land for new housing, as well as for business, is a priority for the year ahead.”
Public consultation for a mixed residential and leisure development on Campbell Park and Newlands has recently concluded. Further public consultations are proposed in coming months for key residential sites at Atterbury and Walton.