The government is to provide £60m to boost affordable
housing in council areas most affected by second homeownership. Money will be
provided to 148 councils after the CLG announced regional allocations under the
Community Housing Fund. The money is intended to provide backing for local
housing groups to deliver homes aimed at first-time buyers. One third of the
funding – almost £20m – will be allocated directly to local authorities in the
south west of England as this is the most popular region for second homes in
the country. It accounts for 21% of all second homeownership, according to the
government. Read more on the Public Finance website.
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