Published: 13th May 2019

The government has launched an £8.5m fund to help volunteer groups deliver homes at discounted prices. The fund will be delivered by Locality and offer local groups grants of between £10,000 and £50,000 to identify suitable sites for discounted homes and get planning permission. Additional free specialist advice and guidance will also be made available for groups who take part in the three-year pilot scheme. Discounted homes are properties built for people to buy at affordable rates, allowing them to secure mortgages in areas of the country where they are currently locked out of the market by high prices. For example, a 3-bed home from the Cornwall Community Land Trust was recently sold at a discount for local people, for a price of £160,000, which is compared to an average property price in the county of over £230,000. A recent report by the House of Lords select committee on the … (To read the full article, subscribe below)