Mike Hall MP

Labour Party | Weaver Vale

Mike Hall MP welcomes increased funding in North West for new affordable housing

Mike Hall  Labour MP for Weaver Vale  welcomes the announcement of increased funding for affordable housing in the North West

The announcement is part of regional allocations from the £10.4 billion for housing investment made available through the Regional Housing Pot over the next 3 years. 

The funding will support the Housing Green Paper commitment to provide at least 70,000 affordable homes a year by 2010-11 of which 45,000 will be social rented homes. 

Welcoming the announcement, Mike Hall MP said:-

“The Labour Government is serious about providing more homes and more affordable homes locally. I know that first time buyers and working families in my constituency will welcome this investment in decent homes.

“This investment will help deliver the affordable homes that we need in Weaver Vale to help first time buyers and families on the waiting list.”

For existing housing, around £2 billion will be used to support projects to improve the stock condition alongside wider regeneration projects.  This funding will underpin the continuing commitment to ensure all local authority owned social rented stock achieves the decent homes standard by 2010 and to secure significant improvements in private sector housing.