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The DCLG published a green paper on 23 July setting out it’s plans for new housing. By 2016 it expects 2 million more homes to have been built, and by 2020 it expects that number to have reached 3 million. It expects annual house building levels to have reached 240,000 a year to allow this to take place.
A key objective of the Government is to make housing more affordable. As such, the budget for affordable housing is increasing by £3 billion a year to £8 billion. At least 180,000 affordable homes will be delivered over the next three years, with 70,000 a year being built by 2011. At least 45,000 new social homes will be being built each year by 2011 and over 25,000 shared ownership and shared equity homes will also be built each year.
Included in these figures are 100,000 extra homes in 45 towns and cities that make up 29 new growth points, which will receive additional funding. A further round of new growth points will provide a further 50,000 homes. The Government is also proposing 5 new eco-towns, that will provide between 5-20,000 new homes each.
The consultation can be viewed on the DCLG website here
An article on the Green Paper was in the July edition of Newsbite. This can be viewed on the BSA website here
