Work is to start on thousands of new 'Starter Homes' later this year.
Housing Minister Gavin Barwell confirmed today, 03 January, the new units will be built on brownfield sites for first-time buyers between 23 and 40-years-old at a discount of at least 20% below market value.
With the first wave of 30 council partnerships set to begin this year, the new developments will also support the wider growth and regeneration of local areas, including some town centre sites.
The projects will be supported by the £1.2 billion Starter Home Land Fund, which will help acquire, remediate and de-risk further suitable land for starter home developments.
Housing Minister Gavin Barwell said: "This government is committed to building Starter Homes to help young first time buyers get on the housing ladder.
This first wave of partnerships shows the strong local interest to build thousands of Starter Homes on hundreds of brownfield sites in the coming years. One in three councils has expressed an interest to work with us so far."
(LM)
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CONSTRUCTION DIRECTORY
Construction News
03/01/2017
Construction Work To Begin On Thousands Of New 'Starter Homes'
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