1500 new homes are set to be built over the next 16 months across more than 100 locations in England. The confirmation comes after successful bidding from house-builders as per the Department of Levelling Up, Housing and Communities.
Following plans laid out by Eastleigh Borough Council to supply 200 new First Homes in their local area (the largest project under the First Homes scheme to date), it has been announced that 1500 new First Homes will be built up and down the country by March 2023. The ‘First Homes’ scheme aims to aide the government in delivering on their promise to ‘level up’ communities nationwide by making more affordable housing available while also creating more jobs.
Housing Minister Christopher Pincher has spoken on the new scheme, saying “This scheme is putting local people first and creating opportunities for young people and families to feel the sense of pride that comes with homeownership.
“We are determined to help more people on to the housing ladder and are providing significant funding to regenerate derelict land, deliver new homes and create prosperous local communities across the country.”
“We fully expect that demand for First Homes properties will exceed supply even as the scheme expands and would therefore encourage more innovation from lenders and further government support to help people achieve their dream of home ownership.”
