A £20 million boost to renovate derelict buildings into homes in Wales was announced today.
The Welsh Government is investing the money to bring thousands of uninhabitable properties back into use.
One scheme to do this will offer loans to home owners and landlords to improve poor quality housing across Wales.
Communities and tackling poverty minister Lesley Griffiths announced funding of £10 million over two years to offer interest-free loans of up to £25,000 per property to homeowners across Wales.
The minister also announced £10 million for the Houses into Homes scheme, bringing the total investment in the programme to £30 million.
Houses Into Homes provides re-usable, interest-free loans to owners of empty run-down properties, to bring them back into use for sale or rent.
Old Town Hall in Aberdare, where the announcement was made, is itself a formerly disused building which was transformed into affordable homes thanks to £80,000 of House into Homes funding.
To date, 4471 empty and run-down properties have been turned into homes so far this Assembly term, only 529 short of the Welsh Government’s 5,000 target for the whole term.
Lesley Griffiths said: “One of the biggest issues facing the housing
sector at the moment is the lack of homes for sale or for rent. Empty
homes are not only a wasted resource, but they can also attract
vandalism and anti-social behaviour and can spoil the appearance of our
neighbourhoods.
“I am delighted to announce our Home Improvement Loan programme is now
open for business. This innovative scheme will improve poor quality
housing across Wales – eliminating hazards which can cause harm to
residents and health issues such as damp and cold.
Councillor Keiron Montague, Rhondda Cynon Taf Council’s Cabinet Member for Service Delivery, Communities and Housing added: “Good quality housing is so important as it can positively impact on health and prosperity and I welcome the Minister’s announcement today that significant funding is to be made available to support the development of poor quality housing across Wales.”
Elite Wealth Creators have been involved in the property and finance industry for over 20 years. Our Investment Property Strategists deliver investment grade properties to the investment market and mediate between the developer and the investor. We also assist first home buyers in purchasing their first home in QLD through our house and land packages – this includes receiving $20,000 cash back towards their mortgage by buying one of our full turn-key packages.
Our service will take you through the complete process of buying positive cash flow property, including:
• educating you on positive cash flow and the ability to pay your mortgage off years in advance
• saving you thousands of dollars in interest
• supporting you in the decision on which property to buy
• assisting in the organizing of your finances, if required
• preparing you for settlement of contracts
• liaising with other professional advisers on your behalf if required.
Our Strategists specialise in delivering quality positive cash flow property and also helping investors pay off their mortgage years in advance
http://www.
sales@elitewealthcreators.com
1800 GO ELITE
The Welsh Government is investing the money to bring thousands of uninhabitable properties back into use.
One scheme to do this will offer loans to home owners and landlords to improve poor quality housing across Wales.
Communities and tackling poverty minister Lesley Griffiths announced funding of £10 million over two years to offer interest-free loans of up to £25,000 per property to homeowners across Wales.
The minister also announced £10 million for the Houses into Homes scheme, bringing the total investment in the programme to £30 million.
Houses Into Homes provides re-usable, interest-free loans to owners of empty run-down properties, to bring them back into use for sale or rent.
Old Town Hall in Aberdare, where the announcement was made, is itself a formerly disused building which was transformed into affordable homes thanks to £80,000 of House into Homes funding.
To date, 4471 empty and run-down properties have been turned into homes so far this Assembly term, only 529 short of the Welsh Government’s 5,000 target for the whole term.
Councillor Keiron Montague, Rhondda Cynon Taf Council’s Cabinet Member for Service Delivery, Communities and Housing added: “Good quality housing is so important as it can positively impact on health and prosperity and I welcome the Minister’s announcement today that significant funding is to be made available to support the development of poor quality housing across Wales.”
Elite Wealth Creators have been involved in the property and finance industry for over 20 years. Our Investment Property Strategists deliver investment grade properties to the investment market and mediate between the developer and the investor. We also assist first home buyers in purchasing their first home in QLD through our house and land packages – this includes receiving $20,000 cash back towards their mortgage by buying one of our full turn-key packages.
Our service will take you through the complete process of buying positive cash flow property, including:
• educating you on positive cash flow and the ability to pay your mortgage off years in advance
• saving you thousands of dollars in interest
• supporting you in the decision on which property to buy
• assisting in the organizing of your finances, if required
• preparing you for settlement of contracts
• liaising with other professional advisers on your behalf if required.
Our Strategists specialise in delivering quality positive cash flow property and also helping investors pay off their mortgage years in advance
http://www.
sales@elitewealthcreators.com
1800 GO ELITE
No comments:
Post a Comment