Last edited 12 Dec 2017

Community housing fund

The Community Housing Fund was announced in the 2016 Spring Budget and officially launched in December 2016. It is a £300 million fund which is intended to help nearly 150 councils tackle high levels of second home ownership in their communities.

Intended to last 5 years until 2021, the Fund aims to give community groups the chance to assume ownership of housing matters, helping them deliver affordable housing aimed at first-time buyers, and to reinvest in other activities or services which will benefit the local area. It expects an additional 13,000 homes to be built by 2021.

Almost £20m – one-third of the funding – is to be allocated to South Western local authorities, this being the region with the highest second home ownership (21%).

In November 2017, Housing Minister, Alok Sharma MP, confirmed the Fund would continue for the next four years, launching a new programme of funding worth £60 million in the first year. A significant amount of the funding will go towards developing an advisory network that supports community groups to bring forward projects. Ref https://www.gov.uk/government/speeches/community-led-housing

[edit] Find out more

[edit] Related articles on Designing Buildings Wiki