Billion pound package for housing [electronic resource]
Billion pound package for housing [electronic resource]
- London DCLG 2008
Context -- HomeBuy Direct -- Bringing forward affordable housing spending -- More support for key regeneration schemes
Ministerial statement announces government plans to help out a housing market suffering the adverse affects of the current economic downturn. States that, while the government is aware that many of the problems currently being faced have been brought about by global economic conditions, it is right for the government to intervene in a national context to try and prevent the continued stagnation of this vital market. Solutions proposed include the introduction of HomeBuy Direct, a new HomeBuy product that will offer equity loans of up to 30% to prospective purchasers; a limited mortgage rescue scheme aimed at supporting some of the most vulnerable people likely to have their homes repossessed (options including shared equity, shared ownership and sales and rent back) and bringing forward government financial support for affordable housing schemes. The government has also pledged increased support for key regeneration schemes.
Advanced
United Kingdom--
306.1 $2 18
Context -- HomeBuy Direct -- Bringing forward affordable housing spending -- More support for key regeneration schemes
Ministerial statement announces government plans to help out a housing market suffering the adverse affects of the current economic downturn. States that, while the government is aware that many of the problems currently being faced have been brought about by global economic conditions, it is right for the government to intervene in a national context to try and prevent the continued stagnation of this vital market. Solutions proposed include the introduction of HomeBuy Direct, a new HomeBuy product that will offer equity loans of up to 30% to prospective purchasers; a limited mortgage rescue scheme aimed at supporting some of the most vulnerable people likely to have their homes repossessed (options including shared equity, shared ownership and sales and rent back) and bringing forward government financial support for affordable housing schemes. The government has also pledged increased support for key regeneration schemes.
Advanced
United Kingdom--
306.1 $2 18