MK Council to set up its own company to build 2,000 cheap homes in Milton Keynes

The move would "shake up the market" and get a better deal for local people, they say..

As well as creating more affordable homes, a new council-owned housing company could positively influence local landlords, by setting higher standards for others to follow.

At a Cabinet meeting next week, councillors are due to ask the Milton Keynes Development Partnership (MKDP) to explore how a new company could function and set out a business case for them to consider.

The new company will be expected to deliver 2,000 affordable homes for local families by 2023. This will be in addition to the council’s commitment to building 500 new council homes across MK.

Cabinet member for housing and regeneration, Councillor Nigel Long said: “We want the Council to be leading the way and setting the standard of being a good landlord. A new housing company will enable us to shake up the market and deliver much needed new homes for MK families.

“I look forward to working with colleagues as we build on these proposals to get a fairer deal for our residents.”