First-time Buyer
48,000 ‘discounted’ first-time buyer homes to be built this year
More than 48,000 homes for first-time buyers will be built this year, the government has announced.
The new homes will be available to buyers aged between 23 and 40 and come at a discount of at least 20% below market value.
They will be built on brownfield sites across the country.
The first wave of 30 local authority partnerships will receive £1.2bn under the government’s ‘Starter Homes Land Fund’, which supports the development of starter homes on sites across England.
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.”
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This is the government’s second housebuilding announcement of the week.
On Monday, it unveiled plans for England’s first ever garden villages, which will deliver more than 48,000 homes.
The 14 new garden villages will have access to a £6m fund over the next two financial years.
The 30 Starter Home Land Fund partnerships are:
- Blackburn with Darwen Council
- Blackpool Council
- Bristol City Council
- Central Bedfordshire Council
- Cheshire West and Chester Council
- Chesterfield Borough Council
- Chichester District Council
- City of Lincoln
- Ebbsfleet Development Corporation
- Fareham Borough Council
- Gloucester City Council
- Greater Manchester Combined Authority (Bolton, Bury, Manchester, Oldham, Rochdale, Salford, Stockport, Tameside, Trafford, Wigan)
- Lincolnshire County Council
- Liverpool City Council (in association with Sefton, Knowsley, Halton, Wirral, St Helens)
- Luton Borough Council
- Mid Sussex District Council
- Middlesbrough Council
- North Somerset Council
- Northumberland County Council
- Pendle Borough Council
- Plymouth City Council
- Rotherham Metropolitan Council
- Rushmoor Borough Council
- Sheffield City Council
- South Kestevan District Council
- South Ribble Borough Council (in association with Preston City Council and Lancashire County Council)
- South Somerset District Council
- Stoke-on-Trent City Council
- West Somerset Council (in association with Taunton Deane Borough Council, Sedgemoor District Council)
- Worthing Council