On 31st of January 2022, Lucie Health wrote in inside Housing about the housing funding. According to her,
As part of the Levelling Up White Paper, more details on funding for brownfield homes and new rental reforms are likely to be released this week.
Sheffield and Wolverhampton were announced as the first of 20 cities to benefit from “a dramatic new redevelopment programme that will breathe fresh life into neglected areas” by the government on Sunday.
Cities that have already received funds from the government’s Levelling Up Fund will be given priority for funding from the £1.5 billion Brownfield Fund announced by the chancellor at the end of last year. Sheffield and Wolverhampton were announced as the first of 20 cities to benefit from “a dramatic new redevelopment programme that will breathe fresh life into neglected areas” by the government on Sunday.
Cities that have already received funds from the government’s Levelling Up Fund will be given priority for funding from the £1.5 billion Brownfield Fund announced by the chancellor at the end of last year. “Kings Cross-style transformational regeneration projects across the country” in order to “spread opportunity more evenly and help to reverse the geographical inequalities which still exist in the UK”.
The Times reported over the weekend that the white paper will feature a variety of changes to the private leased sector, including a national register for private landlords from which “rogue” landlords will be removed, in addition to the funds.
According to The Times, private landlords would be required by law to bring their buildings up to national standards, and tenants will be given a new right to remedy for concerns about their dwellings.
In addition to reforms in the private rented sector, DLUHC announced that it will launch a £1.5 billion Levelling Up Home Building Fund next week, which will provide loans to small and medium-sized builders and developers for the construction of 42,000 homes, the vast majority of which will be outside of London and the South East.
The redevelopment plan will be “led” by Homes England, which will be “refocused and tasked to assist the levelling up agenda,” according to the report.
Homes England’s “increased mandate,” according to Peter Freeman, will allow the organisation to “further help ambitious local leaders in achieving placemaking and regeneration alongside a wide range of public and private sector partners.”
The government’s plans, according to The Times, will be paid with money previously set aside in the Spending Review.