Welsh Government Provides £24m in Loan Funding to Unlock 600 New Homes

Welsh Government provides £24m in loan funding to unlock 600 new homes

The Welsh Government has put £24m into loan funding to unlock land for housing in Wales, supporting more than 600 new homes.  The funding is set up to help both social and market housing, letting providers secure land before construction money is available.  Once building funds come in, the loan is repaid and then used again for new projects. Wales & West Housing got £3m in loan funding to buy land in Grangetown, Cardiff, followed by £10m in gra…

The Welsh Government has announced that they are setting aside £24m for loans to release land for housing development and to build more than 600 new homes across the country. The Land for Housing scheme allocates funding for loans to acquire land in order to develop social and commercial housing throughout Wales.