New Fund Launched to Support the Building of Affordable Homes – 31st December 2019 (England)

The government is making available £163 million across England up to 2020 to 2021 to support an increase in housing supply in England by increasing the number of additional homes delivered by the community-led housing sector.  The aim is to provide housing that is affordable at local income levels and remains so in perpetuity; and to deliver a lasting legacy for the community-led housing sector in the form of an effective and financially self-sustaining body of expertise within the house building industry in England.

Funding outside London is being allocated by Homes England across two phases. A separate programme for London will be delivered by the Greater London Authority.

Eligible organisations include (but are not restricted to):

  • A registered charity;
  • A Company Limited By Guarantee;
  • A Community Benefit Society
  • A Co-operative Society;
  • A Community Interest Company;
  • An organisation of another type operating as a social enterprise and principally reinvesting their surpluses for social benefit;
  • A Registered Provider;
  • A local authority

Phase One of the Fund will make grants available to eligible organisations to help cover the revenue costs of project-specific activities that will support development of community-led housing proposals, and the capital costs of local infrastructure projects that will result in housing developments that meet the criteria for being community-led.

The Fund will remain open to receive new applications until funding is fully committed (or until 31 December 2019, whichever occurs first).

https://www.gov.uk/government/publications/community-housing-fund-prospectus

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