£60 million boost for communities affected by second homeownership
New annual fund to help almost 150 councils tackle the problem of high levels of second homeownership in their communities.
Community-led housing will be given a further boost today (23 December 2016) from a new annual £60 million fund which will help almost 150 councils tackle the problem of high levels of second homeownership in their communities.
The Community Housing Fund will put local groups in the driving seat and help them deliver affordable housing aimed at first-time buyers in response to the problem second homes can cause in reducing supply.
One third of the funding – almost £20 million – will be allocated directly to local authorities in the South West as this is the most popular region for second homes in England. It accounts for 21% of all second homeownership.
Second home ownership in England is at an all-time high and is crowding out first time buyers and causing a shortage of available properties – exacerbating the housing crisis. Often second homes stand empty for a large proportion of the time which can also affect community cohesion, affect the demographics of an area and distort local housing markets.
Allocated amount by region
|East of England||£8,950,048|
|Yorkshire and Humberside||£6,419,494|
Download awho will receive the grant.
Why is Locality involved with Community Led Housing?
Locality sees Community-Led Housing (CLH) as a key element of local communities taking control through the ownership and management of assets. We have an active, 40-strong CLH Members Group that can demonstrate success in this field and increasing numbers of members are showing interest in new projects. Therefore we directly support our members and their future sustainability through our CLH work.
We are also supportive of community groups set up to provide housing and that continue to own and manage that housing without necessarily becoming a community anchor organisation, for example, empty homes projects.