Green light for the construction of thousands of Starter Homes in 2017

The Government has given the green light to the construction of thousands of new Starter Homes in 2017.The first wave of 30 local authority partnerships – established under the government’s £1.2 billion Starter Homes Land Fund – will spearhead the schemes, which will be built exclusively for first-time buyers between 23 and 40 years old at a discount of at least 20% below market value.The Starter Homes Land Fund was set up to prepare suitable land for developments which can be built on by developers or through accelerated construction by 2020. Each local authority partnership will work closely with the Homes and Communities Agency (HCA) to identify and take forward further land opportunities for the fund.The HCA is also seeking expressions of interest from local authorities who want to use their land to deliver homes at pace through the £1.7 billion accelerated construction which will see up to 15,000 homes started on surplus public sector land this Parliament.