Housing Green Paper
Rural communities to share in £8 billion worth of investment and reforms to tackle housing shortages
Families and first-time buyers in rural communities will share the benefit from major investment of £8 billion for affordable housing and ambitious new reforms to drive up the supply of both low cost and social homes, which Housing Minister Yvette Cooper announced on 23 July 2007.
A new Green Paper includes new investment, targets and proposals as part of a radical programme to meet the Prime Minister’s recent announcement of 3 million more homes by 2020. It will accelerate action to tackle wealth and housing inequality and support the aspirations of hard-working families, young people and communities.
The Government has announced a commitment to build at least 70,000 affordable houses a year by 2010-11. This includes 45,000 new social homes a year - more than doubling the amount built each year compared to 2004, and a goal of 50,000 social homes a year in the next spending review. This is backed by £8 billion investment from the Comprehensive Spending Review for 2008 to 2010-11 - a £3 billion increase over the current spending period.
The Government is determined that rural communities benefit too. There will be more affordable homes in rural areas, with a new target, informed by advice from the Regional Assemblies, to be set later in 2007, as well as new guidance for rural local authorities to help first time buyers onto the housing ladder. Read more at: http://www.communities.gov.uk/publications/housing/homesforfuture
Page last
modified: 14 December 2007
Page published: 20 September 2006