University considering joint ventures to tackle city鈥檚 鈥渟erious housing problem鈥�
The University of Cambridge is 鈥渧ery keen鈥� to consider joint ventures with housing developers to tackle the city鈥檚 鈥渟erious housing problem鈥�.
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 鈥渃ontributing to joint ventures鈥� to create affordable housing in the Cambridge city region.
Sanders warned a 鈥渃ritical shortage of homes at all income levels鈥� in the city was holding back the development of the university and the Cambridge city region as a whole.
Sanders said: 鈥淭he development of the University of Cambridge鈥檚 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.鈥�
To help address the problem the University of Cambridge has begun developing the 拢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.
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