Government announces £4 million boost for relaunched Community Housing Fund
As part of its response to the Building Better, Building Beautiful Commission report.
The Community Housing Fund aims to support an increase in housing supply in England by increasing the number of additional homes delivered by the community-led housing sector. The goal is to provide affordable housing at local income levels that remains so in perpetuity, whilst delivering a lasting legacy for the community-led housing sector.
The new funding will support community-led housing organisations, including co-ops and community benefit societies, to bid for funds to support the preparation of bids to the £11.5 billion Affordable Homes Programme, which will in turn provide the capital funding required.
According to the press release from the Ministry of Housing, Communities and Local Government, the Affordable Homes Programme is the largest investment in affordable housing in a decade, providing up to 180,000 new homes across the country, should economic conditions allow.
A further aim is to diversify the homebuilding sector by improving design, sustainability and quality through the development and use of modern methods of construction.
It is also envisaged that the £4 million will assist projects to access other funding streams and provide support to schemes at the beginning of the community-led housing process.
Wrigleys is proud to work closely with organisations, including the National CLT Network and Locality, whose lobbying played a key role in securing this new funding.
If you would like to discuss any aspect of this article further, please contact Daniel Lewis or any other member of the Community Led Housing team on 0113 244 6100.
You can also keep up to date by following Wrigleys charities team on Twitter here
The information in this article is necessarily of a general nature. Specific advice should be sought for specific situations. If you have any queries or need any legal advice please feel free to contact Wrigleys Solicitors.