LEEDS could be one of the first places in the country to agree a ‘housing deal’ with the Government to help build thousands of new homes.
Chancellor Philip Hammond will discuss the emerging agreement to give the city extra money to build social housing when he visits a housing development in Leeds today. (Sept 4)
Communities Secretary Sajid Javid, the Cabinet minister responsible for housing, said: “I want to strike housing deals across the country to support councils’ ambitious and innovative plans for new homes, and to help boost supply where it’s most needed. We’re making good progress with a Leeds housing deal and hope to announce further details at Autumn Budget.”
Homes built through ‘housing deals’ will be offered for sale to private buyers after a 10 or 15 year period with the money used to build more properties.
Tenants living in homes built as part of the scheme will have an automatic right to buy the property when it becomes available.