Liverpool housing providers have welcomed the news that the government is expanding its Affordable Homes Programme.
Yesterday (5 January) communities secretary Sajid Javid announced that housing associations and local authorities can now apply for a share of a £7 billion funding pot to help deliver new properties.
The funding has been unlocked after an additional £1.4bn was allocated in the Chancellor’s Autumn Statement last year, and homes are now set to be built around the country for a wider range of buyers and tenants as the programme has also been opened up to deliver Affordable Rent, Shared Ownership and Rent to Buy properties.
With the government expecting the £7bn fund to help deliver more than 200,000 homes nationwide, here in Liverpool Chris Bowen, development director for Liverpool Mutual Homes, says: “This is excellent news for Merseyside as it will see the construction of many thousands of new affordable homes with an emphasis on helping first time buyers onto the property ladder.”
Jeanette Grady, sales and new business manager at Riverside Home Ownership also believes the expansion of the initiative will help the Liverpool City Region’s housing supply, adding: “News of increasing the supply of affordable homes is always welcome within our sector.
“Shared Ownership has been extremely popular around Merseyside and such schemes are an excellent way for potential buyers to get onto the property ladder, and into a good quality new home.”
Plus Dane Housing has already received a share of cash from the Affordable Homes Programme, having applied prior to the addition to the funding available and a wider range of homes being confirmed.
Claire Griffiths, executive director for property at the housing provider, says: “We’re delighted to have been allocated £5m of this funding to deliver 159 new affordable homes for rent across Merseyside and Cheshire, to complement our existing investment programmes.”
Explaining the benefits of this latest housing announcement, Sajid Javid says: “Our newly expanded affordable housing programme, turbo-charged by a multi-billion pound investment, will allow housing associations to build more homes in places where they are most needed, particularly for families who are just about managing.
“By encouraging the delivery of more homes under a variety of tenures, we can create a housing market which truly works for everyone, meeting the diverse housing needs of this country.”
The government is planning to announce further plans in its housing white paper, due out later this month.