Call for UK ministers to create homes for heroes

The UK government is now being urged to build 250,000 brand-new homes for key workers to reward them for their efforts amidst the COVID-19 pandemic.

A think tank called The Centre for Policy Studies (CPS) has requested that government ministers apportion land for a new class of property development, dubbed “homes for heroes”. From drawing up professional plans to streamlining applications to local councils, architects in Chester, Manchester and other major UK cities help property developers realise their ambitions with expert skills and guidance.

The CPS has stated the majority of homes should be offered as either rent-to-buy or shared ownerships, with the remainder on long leases, with priority allocated to local key workers from both the private and public sector.

The think tank has also argued that the UK government could back the scheme at next to no cost by allowing it to access £5 billion of the pre-existing housing guarantees, which are not currently being used.

According to CPS, at present, key workers typically earn less in wages than the national average. This has resulted in them experiencing difficulty finding rented accommodation of a decent standard close to where they work and facing a struggle to get on the entering the property ladder

The CPS report was co-authored by former government housing advisor, Alex Morton, who, according to the Shropshire Star, commented that the initiative would potentially offer key workers a significantly cheaper way to home ownership than the current alternatives available.

Posted by Mark
September 27, 2021
New Buildings

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