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Housing Minister John Healey today announced a further boost for affordable housing with almost £250 million investment to provide 3400 affordable homes and create around 5,000 jobs. Every region of the country will receive funding which is shared between 43 housing associations and other bodies operating across 97 local authority areas.
The total grant for Yorkshire and Humber is £2.187 million, which will provide 154 homes. This is broken down into two parts, firstly £855,000 providing 73 homes for rent, and then secondly £1.332 million providing 81 homes for low cost home ownership.
This funding come the day after the Housing Minister gave the green light to the biggest programme to build new council homes for almost two decades.
Together, the two announcements add up to a half billion pound boost to public housing to provide 5,400 new affordable homes, creating around 10,000 jobs.
Housing Minister John Healey said:
“The £250m funding I am announcing today will help tackle the shortage of affordable homes across the country, so Housing Associations can build the homes that families need. It will also provide a further shot in the arm for the construction industry.”