Construction News

27/10/2014

10,000 New Homes To Be Delivered In Wales By 2016

Wales is on target to provide 10,000 homes by May 2016, according to new figures.

The statistics show 2,416 affordable homes were delivered during 2013-14, which is an 18% rise on the previous year and brings the total number of additional affordable homes provided so far during this Assembly term to 6,890.

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The Welsh Government is piloting a number of loan schemes to support housing delivery and are reviewing how to make the most of the Social Housing Grant. The Housing Finance Grant has also been expanded, with the Welsh Government tripling its initial investment to provide an estimated 2,000 extra homes and create 5,000 Welsh jobs.

(CD/JP)

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