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A new £200 million fund will boost the construction of new
homes specifically for private rent. The
new Build to Rent fund aims to cut the risk for developers more traditionally
used to building homes for sale who are looking to branch out into building
homes for private rent. By financing the construction of rental homes until
they are built, let out and managed, the fund will give developers the freedom
to build homes specifically for that market with confidence. Management
companies will have the chance to invest in these new rental developments, and
developers will then repay the investment from government. Read more on the CLG website.
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