Housing Minister Kris Hopkins has announced that 15 councils will be able to borrow £60m additional funds over the next two years to build over 1,000 homes in their area.
Minister Hopkins said: "Councils asked for extra borrowing powers - and we have delivered. Today, 15 authorities from across the country will get a share of £60m of borrowing to deliver over 1,000 affordable homes. There’s £300 million extra borrowing up for grabs for the next two years. So today, I’m launching a second round of bidding so more councils can make the most of this opportunity.
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"Council housebuilding starts are now at a 23-year high - and more council housing has been built since 2010 than in the previous 13 years. But we can go further and with these new borrowing powers available I want authorities to act, and build the affordable homes their communities want."
The 15 councils that have successfully applied for borrowing include:
• Birmingham Council - £10.6 million to build 186 new affordable homes
• Wiltshire Council - £2.7 million to build 90 affordable homes
• Cheshire West and Chester Council - £7.5 million to build 23 affordable homes
• Hackney Council - £2.7 million to build 74 affordable homes
• Dudley Council - £6.2 million to build 123 affordable homes
(IT/MH)
