Construction of 79 new homes is will underway at a former cricket ground off Alma Road, Peterborough. The homes are being built by Accent Nene with the first homes expected to be occupied by the end of the year. The development, known as The Spinners, will offer a mix of modern houses and apartments.

The £18 million mixed-use scheme is being funded by the Housing Corporation. It is being built at the seven-acre former sports ground previously owned by Perkins Engines. The scheme, which is located near local amenities and the city centre, will include housing, recreation facilities and an 'extra care' housing development for older people being built by Axiom Housing Association.

The Spinners will comprise terraced homes and 36 two-bedroom apartments. Accent Nene (formerly Nene Housing Society) will provide many of the homes for sale under its shared ownership scheme or for rent. The remainder will be available for outright sale. The first phase of the development is due for completion in the autumn with the final phase ready for occupation in May 2008.

Sarah Ellmer, senior development officer at Accent Nene, said: "There is a high demand for good quality, affordable housing in Peterborough, particularly for people trying to get onto the property ladder. The Alma Road development will help address this need.

"The mixed-use scheme will help to create a thriving new community which will also help benefit residents locally. We are looking forward to welcoming the first residents to the scheme."

Axiom will own and manage the extra care housing development which will provide 40 one- and two-bedroom self-contained apartments for older people. Five apartments in the building will be available for shared ownership while the remainder will be for rent. The centre will also provide open space for residents and will include a convenience store and a hair salon. Construction has begun and the first residents are due to move into the scheme in summer 2008.

A key feature of the site will be the spacious central green. This attractive and part landscaped public open space will also include a children's play area and a dedicated hard paved area for sports such as basketball.

There are also plans to provide a large new medical facility on the site for local residents.

Richard Hall, chief executive of Axiom Housing Association, said "Axiom is committed to creating diverse and sustainable communities. By working together with Accent Nene we are able to create a unique village- type community which will provide extra care to people aged 55 or over."

Councillor John Holdich, portfolio holder for housing and development, added: "The Spinners is an excellent example of housing associations and other agencies working together successfully to provide much needed affordable housing and other facilities in Peterborough. The development is also important to the regeneration of Millfield."