Thousands of new homes will be built on underused and derelict land to regenerate local areas and help people onto the property ladder, the government announced today (12 October 2021).
Almost £58 million from the £75 million Brownfield Land Release Fund has been allocated to 53 councils.
The funding will boost local areas by transforming unloved and disused sites into vibrant communities for people to live and work, with the demolition of unsightly derelict buildings and disused car parks and garages.
This will help to protect countryside and green spaces while an extra 5,600 homes are built on these sites, supporting young people and families across the country into home ownership.
Last year 244,000 homes were delivered – the highest number of new homes for over 30 years. The government aims to build up to 300,000 new homes a year by the mid-2020s to put home ownership within reach for more people across the country.
The £150 million backed Help to Build scheme was announced in April. It will allow access to low deposit mortgages and improve affordability of home ownership for people who want to build their own homes in a similar way to the Help to Buy scheme.
You can read more about the Help to Build scheme.
The number of people buying a home through the Help to Buy scheme is at an all-time high. New figures released on 13 August 2021 show that from 1 April 2020 to 31 March 2021 over 55,000 households bought their home with the support of a Help to Buy: equity loan. That makes it a record-breaking year for the scheme, which has helped […]
A nurse and a police officer are among the first people to be helped on to the housing ladder through a new affordable home ownership scheme, the government announced today (26 November 2021). The keyworkers from Bolsover, Derbyshire, are benefiting from the government’s First Homes scheme, which offers homes at a discount of at least […]