X-Press Legal Services
83 million pounds for first time buyers and housebuilding jobs
John Healey, Housing Minster has announced that £83 million will be made available to build over 5,700 new and affordable homes, which were previously stalled by the recession.
Low cost homes will be built and sold on sites across every region of the country in order to get more families taking their first step onto the housing ladder.
The Government's HomeBuy scheme has already helped over 130,000 families buy their first home.
Developers who receive the boost have committed to get workers back on site by this time next year; with almost a quarter saying they’ll have workers back on site by the end of next month.
In the North West alone there will be 14 projects, with a total investment of £10,430 resulting in 805 new affordable homes being built.
John Healey said: We're putting the weight of Government investment into building much-needed affordable homes, keeping people in work and giving young people a chance of apprenticeships. That's why today I'm allocating £83 million to get 87 stalled developments across the country up and running again, creating 1,700 jobs and giving more than 2,200 first-time buyers the chance to take an affordable step onto the property ladder.”
