Council to bid for government cash to speed up housebuilding in the district

Winchester City Council will make an ambitious bid for more than £25m of Government money to accelerate housebuilding in the district.

If successful, the council will use the money to help with its ambitious strategic aim of building 600 new homes by 2021.

The news comes after the Government’s recent announcement that it will raise the housing revenue account borrowing total up to £500m in areas of high affordability pressure for local authorities ready to start building new homes.

The Government also said it will make £2bn available for affordable and social housing from 2022.

Winchester City Council Conservative Leader and Portfolio Holder for Housing, Cllr Caroline Horrill said:

“House prices in the Winchester district, like much of the South East, are well above the national average. If our bid is successful it  will help us to continue our work delivering new homes that are affordable so local people can enjoy the benefits of living in the district."

If successful, the council will bring forward a number of sites across the district which are currently in the pipeline.