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21/11/2011
Gov Announce £400M Plan For New Homes
David Cameron is expected to reveal the Government's new plan to build 16,000 new homes on Monday.
The initiative includes a £400m fund, which will go to stalled schemes that are ready but lack necessary finance.
Building work could begin as early as next July. The Prime Minister and his deputy Nick Clegg are expected to say the plan will create over 32,000 jobs and write in the plan's foreword: "The housing market is one of the biggest victims of the credit crunch: lenders won't lend, so builders can't build and buyers can't buy."
Meanwhile, first-time buyers will be able to borrow up to 95% of the value of the properties, with the government underwriting part of the risk.
The news comes just as new figures reveal that only 121,200 new homes were made available in 2010-11, representing a fall of 6% from the previous year.
Commenting on the plan, Labour's Shadow Communities and Local Government Secretary Hilary Benn, and Jack Dromey, Labour's Shadow Housing Minister, said the Government's housing plans were "failing".
Speaking on Monday morning, Jack Dromey said: "George Osborne is giving back only 10% of last year's £4 billion cut to housing investment to build just 3,200 affordable homes.
"With millions in need of a decent home at a price they can afford, the country is gripped by a growing housing crisis. Despite 127 Government announcements, more than one a week since the coalition took power, their own figures show a 6% fall in new homes and a 10% increase in homelessness.
"Their housing policies are failing and George Osborne's mismanagement of the economy is making things worse, holding back housebuilding.
Hilary Benn said that the average age of first time buyers was projected to rise to 44 and that people needed help getting mortgages.
"Labour has been calling for action on mortgages and a Mortgage Indemnity Guarantee Scheme is an idea first proposed by Labour in Scotland. People are relying on the Government to get this right. It would be yet another false dawn if the scheme artificially raised house prices or further risked the stability of banks."
(DW)
The initiative includes a £400m fund, which will go to stalled schemes that are ready but lack necessary finance.
Building work could begin as early as next July. The Prime Minister and his deputy Nick Clegg are expected to say the plan will create over 32,000 jobs and write in the plan's foreword: "The housing market is one of the biggest victims of the credit crunch: lenders won't lend, so builders can't build and buyers can't buy."
Meanwhile, first-time buyers will be able to borrow up to 95% of the value of the properties, with the government underwriting part of the risk.
The news comes just as new figures reveal that only 121,200 new homes were made available in 2010-11, representing a fall of 6% from the previous year.
Commenting on the plan, Labour's Shadow Communities and Local Government Secretary Hilary Benn, and Jack Dromey, Labour's Shadow Housing Minister, said the Government's housing plans were "failing".
Speaking on Monday morning, Jack Dromey said: "George Osborne is giving back only 10% of last year's £4 billion cut to housing investment to build just 3,200 affordable homes.
"With millions in need of a decent home at a price they can afford, the country is gripped by a growing housing crisis. Despite 127 Government announcements, more than one a week since the coalition took power, their own figures show a 6% fall in new homes and a 10% increase in homelessness.
"Their housing policies are failing and George Osborne's mismanagement of the economy is making things worse, holding back housebuilding.
Hilary Benn said that the average age of first time buyers was projected to rise to 44 and that people needed help getting mortgages.
"Labour has been calling for action on mortgages and a Mortgage Indemnity Guarantee Scheme is an idea first proposed by Labour in Scotland. People are relying on the Government to get this right. It would be yet another false dawn if the scheme artificially raised house prices or further risked the stability of banks."
(DW)
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30 January 2015
More Than 350 Councils To Receive New Homes Bonus Payments
Housing Minister, Brandon Lewis, has published the final allocations of New Homes Bonus Payments to over 350 councils in England. The total awarded to councils since the scheme's introduction is£3.4 billion, for delivering more than 700,000 new homes and conversions, and bringing over 100,000 empty homes back into use.
More Than 350 Councils To Receive New Homes Bonus Payments
Housing Minister, Brandon Lewis, has published the final allocations of New Homes Bonus Payments to over 350 councils in England. The total awarded to councils since the scheme's introduction is£3.4 billion, for delivering more than 700,000 new homes and conversions, and bringing over 100,000 empty homes back into use.
30 May 2014
Housing Associations To Receive Share Of £208m In Loans
Thirteen housing associations will receive a share of £208 million in loans to deliver 4,800 new affordable homes. Communities across the country are set to benefit from thousands of new affordable homes under a multi-million pound deal announced by Housing Minister Kris Hopkins.
Housing Associations To Receive Share Of £208m In Loans
Thirteen housing associations will receive a share of £208 million in loans to deliver 4,800 new affordable homes. Communities across the country are set to benefit from thousands of new affordable homes under a multi-million pound deal announced by Housing Minister Kris Hopkins.
05 October 2010
Over 1,000 Planned Homes 'Fail Daily'
The Government's decision to scrap the nation's planning infrastructure, without putting an alternative system in place, will lead to 300,000 planned homes being ditched by local authorities across the country.
Over 1,000 Planned Homes 'Fail Daily'
The Government's decision to scrap the nation's planning infrastructure, without putting an alternative system in place, will lead to 300,000 planned homes being ditched by local authorities across the country.
15 October 2004
Green light given for 500,000 new homes in east England
The green light has today been given for the construction of just under 500,000 new homes in the east of England, it has been confirmed today.
Green light given for 500,000 new homes in east England
The green light has today been given for the construction of just under 500,000 new homes in the east of England, it has been confirmed today.
03 May 2013
30-Year Social Housing Plan For Wales
The Welsh Government is to inject an extra £4m into new social housing over the next 30 years. The government said the package is part of a wider £400m fund to help build new homes. The extra money will assist with the construction of 1,100 social housing homes in the next few years, with the view of having 7,500 homes built by 2016.
30-Year Social Housing Plan For Wales
The Welsh Government is to inject an extra £4m into new social housing over the next 30 years. The government said the package is part of a wider £400m fund to help build new homes. The extra money will assist with the construction of 1,100 social housing homes in the next few years, with the view of having 7,500 homes built by 2016.
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