Tuesday, 11 February 2014

Government's £1bn Scheme to Build 10,000 New Homes Places Orders for Just 294

A £1billion Government scheme to build 10,000 new homes for rent has placed orders for only 294. The Sunday People reports just two contracts have been awarded since the Build to Rent Fund was ­unveiled in 2012. One is for 192 homes in Manchester and the other for 102 in Southampton. Neither will be ready for tenants before the General Election in May next year. Former housing minister Mark Prisk last year said demand for the fund was so great it had been increased from £200million to £1billion. Read more on the Sunday People website.

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