Martin Ford 04 June 2021

Councils to set priorities for First Homes scheme

Councils to set priorities for First Homes scheme image

The Government has launched its ‘First Homes’ scheme for first-time buyers.

Homes will be available at a discount of at least 30% compared to the market price, which will be passed on to future first-time buyers of the property.

Councils will be able to set a ‘local connection test’ to give priority to people such as key workers.

The first 1,500 homes will go on the market in the autumn, with another 10,000 homes a year added in the future if there is demand.

The Government has also announced councils will receive £20m under the Land Release Fund (LRF).

Seventy bids to the LRF have been successful, which will see more than 2,600 homes built on former council-owned land over the next two years.

Another £10m resource funding has been made available under the One Public Estate programme under which central and local government services share property.

The project is a partnership between MHCLG, the Cabinet Office and the Local Government Association.

A £9.1m fund has also been made available to support the delivery of garden communities including projects in Chelmsford, Dunsfold and Corby.

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