David Cameron pledges 鈥楤rownfield Fund鈥� for new homes, as Greens also launch their housing plans
The Conservatives have announced plans to allocate 拢1bn from the sale of right to buy homes to create a 鈥楤rownfield Fund鈥� for new homes.
Launched as part of the party鈥檚 manifesto yesterday, the fund would provide finance to unlock new sites for development but does not indicate whether the funds are for new homes themselves.
The commitment in the manifesto states that the Tories will: 鈥淔und the replacement of properties sold under the extended Right to Buy by requiring local authorities to manage their housing assets more efficiently, with the most expensive properties sold off and replaced as they fall vacant.
鈥淲e will also create a Brownfield Fund to unlock homes on brownfield land for additional housing.鈥�
The manifesto also committed the party to spending 拢100bn on infrastructure over the course of the next Parliament. The manifesto said the party would commit 鈥渢o increase capital spending 鈥� investment in infrastructure 鈥� at least in line with our national income鈥�.
The Green Party, which also launched its manifesto on Tuesday, announced plans to scrap the Help to Buy scheme in its entirety, which the Greens claim would save 拢600m per year. The manifesto states that the policy 鈥渄oes nothing to help those in the greatest housing need and contributed to excessive demand.鈥�
The Green Party committed to building 500,000 new social-rented homes and the party would also introduce new empty property use orders aimed at halving the estimated 700,000 empty homes and also removing tax incentives on buy to let properties.
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