Ministers have given the green light for construction to begin on thousands of discounted homes for first-time buyers.
The government chose 30 local authorities to partner with in developing the first wave of Starter Homes, which will be available to buyers aged 23-40 at 20 per cent below market value.
The homes will be built on brownfield sites across the UK, with the councils being chosen on availability of land and ability to deliver homes quickly.
The partnerships between the Homes and Communities Agency and the local authorities have been established under the government’s £1.2bn Starter Homes Land Fund, which was launched last April.
The fund supports the acquisition, remediation and de-risking of brownfield land for Starter Home developments.
Construction of the first Starter Homes will begin later this year.
Housing and planning 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.”
Read more at https://www.constructionnews.co.uk/markets/sectors/housing/government-kick-starts-starter-homes-construction/10016061.article