The Department for Communities and Local Government (DCLG) has announced a new £30 million fund to offer short term loans for self-build projects to community groups, builders and other small organisations.
The funding is:
- Available from 2012 to 2015.
- Available to organisations planning to build five or more homes at a total cost of up to £3 million in England (except London).
- Intended to cover the cost of building, land acquisition or other costs associated with a proposed development.
The DCLG has also set aside seven sites across England for groups wishing to work together to build their own homes. The DCLG has also asked the Homes and Communities Agency to continue identifying sites to be dedicated to group self-build projects.
This is the latest measure initiated by the DCLG to assist people wishing to build their own homes. In November 2011, the DCLG published a new housing strategy and, in April 2012, the DCLG launched a portal to assist aspiring self-builders.
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