New government funding schemes will no longer be able to use the money for unjustified new leasehold houses
New government funding schemes will no longer be able to use the money for unjustified new leasehold houses, in a continuing push to tackle unfair and abusive practices within the leasehold system.
The move was announced by Communities Secretary, the Rt Hon James Brokenshire MP, as he outlined the government’s next steps towards delivering both the homes the country needs and a fairer, more transparent system for homebuyers.
Among the measures announced today are:
• New proposals for 3-year minimum tenancy terms, with a 6-month break clause, to make renting more secure helping renters put down roots, and give landlords longer term financial security.
• The release of £450 million to speed up delivery of homes on sites of surplus public sector land and encouraging pace and modern methods of construction as a part of the building process.
• The launch of a new £100 million Community Housing Fund, to deliver affordable housing tailored to local needs, putting communities in the driving seat.
The Communities Secretary also confirmed that through Homes England almost 1,000 new affordable homes will be built on a previously undeveloped site at Burgess Hill, Sussex demonstrating how a more strategic – and assertive – approach to getting homes and large scale projects built was delivering results.
The Burgess Hill site will also see essential, new infrastructure built with two new primary schools, a secondary school and a range of leisure facilities including a new public woodland.