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£25m funding boost for first time buyers in Yorkshire

Yorkshire Housing has secured over £25m of government funding to provide 720 homes which will help people across Yorkshire onto the housing ladder.

This forms part of ambitious plans to provide 3,000 new homes over the next three years, making Yorkshire Housing the largest developing housing association operating solely in Yorkshire.  

The government-funded homes are shared ownership properties, where buyers purchase between 25 and 75 per cent of their property, or part of the Rent to Buy scheme, which helps people save up for their own home. Yorkshire Housing will also be building new affordable homes to rent and homes for sale on the open market.  

Yorkshire Housing chief executive Mervyn Jones said: “This funding will help us tackle the housing crisis by providing more homes. At the moment too many people are struggling to find a home which meets their needs.  

“Building more homes also drives economic growth – we’ll be contributing to making sure the right infrastructure is in place for growth as well as putting money into the local economy when we develop the schemes. 

“This is our most ambitious development programme to date – we’re doubling the number of new homes we deliver. We’re working with a range of partners to do this including local authorities and contractors and are actively seeking opportunities to buy more land and develop new relationships.” 

Yorkshire Housing owns or manages over 18,000 homes across Yorkshire as well as providing a range of services to support people to live at home independently.

 

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