Cash For Communities Building New Homes
Planning Minister, Nick Boles, has signalled an intention to direct up to £650,000 to councils that allow the development of new homes on their unused land. The money will be provided to local authorities by house builders once they receive planning permission for building new homes.
Mr Boles hopes this innovative proposal might help tackle the UK’s growing housing shortage crisis.
As part of the scheme, local people could stand to receive up to 25 per cent of the money for the improvement and provision of local infrastructure, if plans are supported via a local referendum.
Whilst it’s good to see the Government coming up with new ways to stimulate housing development, our concern with this scheme is that the imposition of an increased tax on house builders might drive up the price of land, thus affecting the provision of less expensive, affordable homes.
At The House Crowd, we think it vital that with an apparent renewed focus on building new homes, the Communities Minister’s pledge to ensure that 5,000 empty homes be refurbished to tackle the national housing shortage are not put on the backburner.
About Property Crowdfunding – Building New Homes for Britain’s Future
Property crowdfunding is now taking the investment world by storm, following our brave debut onto the scene in 2012. We were the first (and continue to be the best) platform for property crowdfunding.
We are proud to offer better returns on investment than many other investment models, and allow people previously locked out of the property market to benefit from the lucrative world of property investment. What’s more, we’re helping the UK with building new homes across the Greater Manchester area.
For more information on the process of getting involved with property crowdfunding, visit our Crowdfunding Process page.
We are committed to breathing life into empty, rundown properties whilst giving investors great returns on their investments.
To find out more about getting great returns on investment with The House Crowd, start by getting to know us here.