The government has launched a £26m fund for house builders and developers to demonstrate the range of high quality homes appropriate for first-time buyers.
Communities Secretary Greg Clark tsays the funding will complement the government’s existing starter home initiative by “support [for] architects, developers, councils, housing associations and small builders to build properties that will increase the quality of design as the government delivers on its pledge to build 200,000 starter homes by 2020.”
The funding is likely to be used specifically to acquire brownfield sites to provide land for starter homes - money from the sale of these sites to builders will go back to the government.
The DCLG has also announced that up to £10m will be available for councils to prepare more brownfield land for development of starter homes.
“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” says Clark.
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