Monday 26 November 2012

New Government Fund for Redeveloping Empty Properties



Kazuri welcomes news that the government is to launch a campaign to refurbish empty homes in order to tackle the housing shortage. 

There are 1million empty properties in the UK and a third of these have been empty for six months or more. These long term empty properties need to be redeveloped in order to house those in need of social housing. 

The communities minister, Don Foster, announced today that government funds will be made available in order to redevelop empty properties. Local councils, housing associations and social enterprises will be able to bid for grants from the £300m fund. 

It is hoped that the redevelopment of empty properties will go some way to readdress the housing shortfall that currently stands at more than 100,000 homes a year. 

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