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£26 million fund for starter homes announced
The land will be specifically used for the development of property available for first time buyers, with the government supporting architects, developers, councils, housing associations and small builders to meet the target of 200,000 new starter homes by 2020.
An additional £10 million will also be available to local authorities to prepare brownfield sites for development.
Communities Secretary Greg Clark said: “As a one nation government we are on the side of hard-working people and that is why we are committed to delivering 200,000 starter homes by the end of this Parliament, providing a real boost to aspiring young first-time buyers.
“This competitive fund will build homes that will clearly show the wide range of new properties that will be available for first-time buyers as they take their first step on the housing ladder.
“We are also helping bring back into use more brownfield land for development, keeping the country building and delivering the homes our communities need.”
Housing Minister Brandon Lewis said: “Helping young people achieve their dream of home ownership is a real priority for this government. We’ve already helped more than 100,000 households buy a home through our ground-breaking Help to Buy scheme and starter homes are another game-changer.
“This fund will help kick-start that change and show young people across the country the quality they can expect when they buy a starter home. It’s further proof that this government’s long-term economic plan is on track, supporting the aspirations of hard-working people everywhere.”
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