Housing Minister John Healey has announced £83 million to get building over 5,700 new and affordable homes stalled by the recession back on track.
Low cost homes for sale on sites across every region of the country are getting support so more families can take their first step onto the housing ladder through the Government's HomeBuy scheme - which has already helped over 130,000 families.
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The funds are also designed to help get struggling housebuilders building homes again safeguarding over 1,700 jobs.
John Healey said:"We're putting the weight of Government investment into building much-needed affordable homes, keeping people in work and giving young people a chance of apprenticeships.
"That's why I'm allocating £83 million to get 87 stalled developments across the country up and running again, creating 1,700 jobs and giving more than 2,200 first-time buyers the chance to take an affordable step onto the property ladder.
"In this recession, the Government has not stepped back and left the homes and jobs we need to the market. We're using public funding to keep Britain building through the downturn."
Date: 12th, March, 2010
Author: Richard Hann
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