Points plan for Fordham’s £100k homes delayed
Members of the Cambridgeshire and Peterborough Combined Authority have delayed their approval of an allocation policy for the £100,000 homes to be built in Fordham.
On Monday the authority unanimously agreed to defer the plans after councillors demanded more consideration into the proposals.
If the proposals were passed it would have meant applicants would take part in a points-based system, with those with a local connection and certain key workers moved to the top of the list to secure a £100,000 house.
Driven by James Palmer, the mayor of Cambridgeshire and Peterborough, £100K Homes aims to offer an affordable step on to the housing ladder for those who live or work in the county.
Liberal Democrat councillor Bridget Smith said she had ‘very serious concerns’ about the allocation policy.
The member from South Cambridgeshire District Council said: "What would stop somebody from temporarily hiding their assets – say in an offshore account – then pleading poverty in order to pass the application process for one of our £100k homes?
“As far as I can see we have nothing to prevent this from happening. Having then acquired the home for £100k they could sell it on at a later date for a huge profit?
“I know this is an extreme example, but it could happen and I just don’t think we’ve given enough credence to the possibility of somebody wanting to take advantage of our good will, building these units, selling them at £100k and then unscrupulous persons taking advantage of us by selling them on later at a huge profit to them – that wasn’t the idea at all.
“I seriously think this committee should defer the paper for more consideration just so we get this policy right, because if we get it wrong there will be a dreadful backlash from the not only the public whose money we’re spending, but the government also.”
And Cllr Ryan Fuller, Conservative, said there were ‘too many loopholes’ in the rules for house allocation.