Sunday, April 1, 2012
New legislation offers Right-to-Build
Housing minister Grant Shapps wants to bypass housing associations in the next funding round by giving housing grants directly to tenants to build their own homes. Hailed as the â€œfinal piece of the housing policy jigsawâ€, Shapps says the move â€“ outlined in a one-day consultation to be published today â€“ could provide some 1 million new homes over the next four years. New developments will not need to make a normal application for planning permission. Taxpayer-funded RBS will provide low-interest rate mortgages for the scheme. The homes vacated by social housing tenants will be used by housing associations to charge at market rent as the demand for private rented housing soars. The consultation, Growing Communities Through Self-Build, closes at midday today.