Homes to be built at a faster rate.
David Cameron announces plans to directly commission the building of more than 10,000 new homes, it is expected that homes will be built at a faster rate, smaller building firms will build on government sites with planning permission already in place.
The plan will be backed by an extra £1.2bn to prepare brownfield sites for the building of 30,000 starter homes over the next five years, these will be made available to first-time-buyers under the age of 40, the £1.2bn will also fast track the creation of up to 30,000 market rate homes on 500 new brownfield sites by 2020.
The Prime Minister reportedly said: “This Government was elected to deliver security and opportunity – whatever stage of life you’re at.
“Nothing is more important to achieving that than ensuring hard-working people can buy affordable homes.
“Today’s package signals a huge shift in government policy.
“Nothing like this has been done on this scale in three decades – government rolling its sleeves up and directly getting homes built.”
The plans form part of the Government’s commitment to build 200,000 starter homes before the end of the Parliament.
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