Golden opportunity for community housebuilders as Government opens multimillion fund
The Government has launched a new multimillion fund to help communities wanting to build more permanently affordable housing in their local areas.
The Community Housing Fund will provide local people with the financial backing to make their community housing projects a reality. Community led housing approaches include Community Land Trusts (CLTs), cohousing and housing co-ops.
The Fund is one of the initiatives the Government has developed to tackle the chronic shortage of affordable housing in Sussex and elsewhere.
Tom Warder, Sussex Community Housing Hub Manager, said “This is very welcome news. We are now working with over 20 Community led housing projects in Sussex who have identified numerous opportunities to deliver locally affordable housing. Further financial support to enable delivery is vital”
Chair of Lewes CLT, Pru Rowntree, added “We are delighted that the government is continuing to support community led housing. There is a desperate shortage of locally affordable housing. With this sort of support Community Land Trusts can play a critical role in meeting local housing need that is not being addressed by traditional housing providers”.
The Community Housing Fund, which will be managed by Homes England, will help groups to cover costs during the planning stages capital grants to pay for the construction costs for new homes.
Tom Chance, Director at the National CLT Network said “This is the biggest investment the community led housing sector has seen in the last 30 years. I’m delighted that Government has recognised the role communities can play in delivering much-needed affordable housing. When it comes to our vision of community led housing becoming a mainstream housing option, this is a significant boost.”
If you would like support to start your own community housing project contact Tom Warder, Community Led Housing Manager at Sussex Community Housing Hub on 01273 407302 or email@example.com