The first 30 local authority partnerships that will build new starter homes in the UK have been revealed by the Government, and it has been confirmed that building for these homes will commence later on this year, thanks to the backing of the £1.2 billion Starter Homes Land Fund.
All of the new homes will be aimed at first time buyers with ages ranging between 23 and 40, with house prices set to be discounted to 20% lower than the market value and the homes expected to be delivered at some point in 2018, all of which are to be built on brownfield sites around the UK.
“This government is committed to building starter homes to help young first time buyers get on the housing ladder” commented Gavin Barwell, the UK Housing Minister. “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.”
This news comes as the first sign of developments that have resulted from the Starters Homes Land Fund that was set up in April last year with the intentions to support the acquisition, remediation and de-risking of sustainable land for starter home developments, and each of the local authority partnerships will work alongside the Homes and Communities Agency (HCA) during the schemes.
Some of these new local authority partnerships include Blackburn with Darwen Council and Cheshire West with Chester Council, and as they are all going to be working alongside the HCA, it allows for the identification of further land opportunities for the fund that can be looked into and maybe taken further forward.
This announcement is only the beginning of what the Government are aiming to do, and in 2018 we will get to see the results of these new schemes in action.