Communities and Children Secretary Carl Sargeant set out how the Welsh Government plans to deliver its ambitious target of an additional 20,000 affordable homes.
Delivering an Oral Statement to the Assembly, the Cabinet Secretary said the £1.3bn allocated over the term of this government to support the delivery of 20,000 affordable homes and complete the task of meeting the Welsh Housing Quality Standard highlighted the government’s ambition in this area.
Plans to achieve the target of an additional 20,000 affordable homes include:
- Continuing to support the construction of social housing for the most vulnerable through tried and tested schemes including the Social Housing Grant (SHG).
- Supporting construction of more than 6,000 homes through the Help to Buy scheme. Phase II of the scheme will see £290 million invested until 2021.
- Developing a more ambitious house building programme which is ambitious in terms of the design, quality, location and energy efficiency of the homes we deliver.
- Supporting a variety of housing tenures in order to respond to a wider range of housing needs.
- Developing a Rent to Own scheme which will support those who aspire to buy their own home but struggle to save a sizeable deposit.
- Promoting a range of routes into home ownership at an affordable cost, especially for first-time buyers in areas where they are often unable to purchase a home due to high local property values.
Carl Sargeant said:
“Building homes delivers important benefits beyond simply putting a roof over people’s heads. Alongside the well-documented health and education benefits that good quality housing provides for children and families, building homes of all tenures has a significant positive impact on the Welsh economy and on our communities.”