Thursday, 6 October 2016

Government Reveals Criteria For £3bn Home Building Fund

The government has published details of eligibility criteria for its £3bn Home Building Fund, which will be administered by the Homes and Communities Agency and will provide development and infrastructure loan funding for community-led housing projects, serviced plots for custom and self-builders, offsite manufacturing, new entrants to the market and groups of small firms working together to deliver larger sites. The fund will provide £1bn of short-term loan funding for small builders, custom builders and ‘innovators’, to deliver 25,000 homes by 2020. It will also provide £2bn of long-term funding for infrastructure, to support 200,000 homes over the longer term. Housing associations will be able to bid for loans from the fund. Read more on the GovUK website.

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