By Bisola Adeyemo
British Housing Secretary, Robert Jenrick on Tuesday announced that about 120,000 new affordable homes are to be built across England through a multi-billion-pound project to make living easier for people especially in rural vicinities.
The building drive, costing £8.6 billion about (11.8 billion U.S. dollars) forms part of the largest single investment in affordable housing in a decade, the Ministry of Housing, Communities and Local Government said, the big news network reports.
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The Ministry said it will deliver around 119,000 homes, including 57,000 for ownership, 29,600 for social rent and 6,250 affordable rural homes.
He noted that thousands of young families are expected to be helped onto the housing ladder.
The investment could support up to 370,000 jobs across the country for homebuilders, SME (small and medium-sized enterprise) developers, and wider businesses supporting the house building industry, it added.
“Creating more opportunities for home ownership is central to this government. This funding is a landmark moment for our Affordable Homes Program and will ensure good quality housing for all,” said British Housing Secretary Robert Jenrick.
