The UK Government is establishing a £16 billion National Housing Bank to address the housing crisis, particularly focusing on self-builders and small developers. Positioned under Homes England, the bank aims to facilitate over £53 billion in private investment and is designed to offer low-interest loans, guarantees, and direct investments specifically targeting stalled sites. This approach is intended to help individuals who are currently unable to finance their building projects, allowing them to access previously blocked opportunities and spurring the development of over 500,000 new homes.
The National Housing Bank aims to provide low-interest loans and support to tackle the UK's housing crisis by focusing on self-builders and small developers.
With an investment potential exceeding £53 billion, the National Housing Bank seeks to transform stalled sites into active housing developments, thus addressing the housing shortage.
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