Friday, 21 December 2012

Prisk: £200 Million Build To Rent Fund Will Boost Housebuilding

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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