Oxford will receive £20million of government funding to develop three housing projects and reduce rising numbers of students renting privately in the city.
The successful bids worth £19.84m will allow Oxford City Council to build around 1,380 homes across three key housing developments by 2025.
Oxford city and county councils will collaborate with the Environment Agency on the plans to ensure the number of university students privately renting in Oxford does not exceed 3,000.
Northern Gateway, also known as Oxford North, and Osney Mead will see the largest chunk of cash to create more accommodation on university owned land to “strengthen Oxford’s knowledge based economy”.
Northern Gateway has been awarded £10m to support the development of 480 homes on land currently owned by St John’s College, Oxford.
The development will also involve a 44-hectare employment site north of Wolvercote, a 90,000sqm commercial innovation quarter and a 180 room hotel with access from the A40 and A44.
Around £6.09m will be used to transform Osney Mead Innovation Quarter, which is in the majority ownership of Oxford University.
The site will be turned into a mixed use business and housing development with 600 homes specifically for postgraduates and early career post-doctoral researchers.
Blackbird Leys will invest its £3.75m in the Leys Regeneration Project, providing more than 300 homes in the area.
No specific figure has been given for the amount of affordable housing in the scheme, but the council said a “significant proportion” will be affordable and “some” will be targeted at key workers.
Funds will also be used to modernise the central area shopping parade, provide a new community centre and create a public space on Blackbird Leys Road.
Councillor Bob Price said: “Oxford has a huge backlog of pent up housing demand and these three projects will make a big contribution to tackling the problems that we face.
“In order to move closer to resolving the crisis of unavailability and unaffordability, we will be working with our colleagues in the neighbouring districts over the next 10 years to expand house building close to the city boundaries.”
The funding comes from the government’s £5billion Housing Infrastructure Fund to assist local councils in areas with the greatest housing demand.