A £3bn fund for home building is to be launched, CLG Secretary Sajid Javid said at the Conservative Party Conference.
He has also promised a white paper on housing later this year.
Javid said the new £3bn fund would help build over 225,000 new homes and create thousands of jobs.
He also promised to accelerate house building on Government-owned land.
He said: “We will take Government-owned land and partner with contractors and investors to speed up house building.
“We will create new supply chains using offsite construction. And we will encourage new models of building to make houses that people want, more cheaply and at pace.
“These measures will allow us to get started on 15,000 homes by 2020.”
Other steps will be to encourage urban regeneration and the use of brownfield sites.
He said: “We want to radically increase brownfield development and bring life back to abandoned sites.
“That means delivering high quality housing for families, bringing new energy to our high streets and town centres.”
He specifically mentioned turning empty shopping centres into new communities, and increasing density of new homes around railway stations.
Critics have said that 150,000 new homes started in five years’ time would be a ‘drop in the ocean’.
Comments (3)
isnt the shortfall 15000 a month until 2020? rather then 15000 by 2020?
Agree with Robert above that Zoopla and Rightmove need to be tougher and sacrifice for them what would be pennies to make sure only bonafide agents are on board. That being said I think 300 of the 500 being jugglers is a bit of a reach. If the redress schemes could be a bit stronger then maybe the portals would have to act?
Pretty sure that these two statements contradict each other
We will create new supply chains using offsite construction. And we will encourage new models of building to make houses that people want, more cheaply and at pace”
or
“That means delivering high quality housing for families, bringing new energy to our high streets and town centres.”
So on one hand they will be quickly built and cheap, and then on the other they will be high quality….but don’t worry they will be starting in 2020. Gotta love a politician who doesn’t know anything apart from how to repeat what he is told.