100,000 Plan For Starter Homes
David Cameron has unveiled plans to build 100,000 starter homes for the under 40s on brownfield former commercial sites if the Conservatives win the next election.
In a speech ahead of the Conservative Party conference this week in Birmingham, the prime minister said the homes would be available to first-time buyers at a discount of 20% below market value.
The discount will be provided by locating the homes on lower value commercial land, and by exempting them from paying Section 106 and Community Infrastructure charges, and from meeting the 2016 zero carbon homes standard.
However, the move, which has been welcomed by some housebuilders, has been slammed by social housing and environmental groups.
The pledge was accompanied by a separate announcement promising to pay for the hiring of a further three million apprentices over the course of the next parliament by further cuts to benefits, including by stopping most under 21s from claiming housing benefit.
Cameron said: “We want to help more young people achieve the dream of home ownership so today I can pledge we will build 100,000 homes for young, first-time buyers.
“We will make these starter homes 20% cheaper by exempting them from a raft of taxes and by using brownfield land. I don’t want to see young people locked out of home ownership.
“We’ve already started to tackle the problem with Help to Buy mortgages - and these new plans will help tens of thousands more people to buy their first home.”
“This will bring back to life land which has not been used for any purpose and give young people a good start, which can only be a good idea” say’s Greengates Builders Merchants Accrington, Lancashire.