First Time Buyers

Ministry of Housing, Communities and Local Government written question – answered on 14th July 2021.

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Photo of Steven Baker Steven Baker Conservative, Wycombe

To ask the Secretary of State for Housing, Communities and Local Government, what additional financial support the Government plans to provide to property developers to support the development of First Homes.

Photo of Christopher Pincher Christopher Pincher Minister of State (Housing, Communities and Local Government)

The Government does not plan to provide any additional financial support to property developers to support the development of First Homes through the planning system. First Homes will be delivered via developer contributions and First Homes exception sites. National Planning Policy was altered on 28 June 2021 to require that at least 25% of all the affordable homes funded through contributions by developers are First Homes, and to replace entry-level exception sites with First Homes exception sites. This will result in no change to property developers' financial contributions to affordable housing and no additional financial support will be provided

We will also announce further information on the delivery of 1,500 homes via a pilot shortly, which will involve some financial support being provided to developers in the form of grant payments.

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