Multi-million pound boost to first-time buyers

PUBLISHED: 09:14 06 March 2008 | UPDATED: 21:05 26 October 2009

FIRST-TIME buyers across the region could be in luck after Hertfordshire landed a windfall to fund new affordable homes. Over £19m will be invested in new affordable homes in the county, with Welwyn Hatfield set to land nearly £3m of the funding.

FIRST-TIME buyers across the region could be in luck after Hertfordshire landed a windfall to fund new affordable homes.

Over £19m will be invested in new affordable homes in the county, with Welwyn Hatfield set to land nearly £3m of the funding.

The money is being provided by the Housing Corporation, a government agency, and will see at least 89 new homes built in Times Territory in the next year.

These includes a development on the former Hazel Grove school site in Hatfield, a further phase on the old BAe land, also in Hatfield, and schemes in Hornbeams and Knella Road in WGC.

Of the 89 properties, 74 will be for rent and 15 for low-cost ownership.

The Housing Corporation is the Government's national affordable homes agency, responsible for investing in new affordable homes.

The £19m is the first wave of funding to the county from the corporation, which will continue until 2011.

Welwyn Hatfield Council has confirmed it will be submitting bids for more funding in the future.


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