First time buyers on the One Horton Heath development will be helped onto the housing ladder as part of the government’s First Homes scheme- their flagship homes initiative that provides a new discount market sale scheme to promote home ownership.
The Department for Levelling Up, Housing and Communities has announced that Eastleigh Borough Council’s One Horton Heath development is the first in the south of England to be part of the government’s First Homes Scheme and is also the single largest First Homes scheme in the country to date as it will deliver 201 new homes.
The scheme offers homes at a discount of at least 30% of the market price to local first time buyers and keyworkers. This percentage discount is kept on the homes in perpetuity and first time buyers, key worker, local connection and armed forces criteria can also be applied to the homes. This helps young people and families to buy homes and stay in the communities where they want to live and work
Council Leader, Keith House said, “This is fantastic news that the government has again supported our ground-breaking One Horton Heath development. It’s really important for Eastleigh Borough Council to be the forefront of any housing initiatives and projects that benefit our residents. “Being part of this new government initiative will help us provide more affordable homes for local first time buyers The discounted homes will be available to first-time buyers for almost a third off compared with the market price so will really help to provide a route for them to get onto the housing ladder and stay in their local area.”
He added, “This comes on the back of £20.8million of government funding for infrastructure on the One Horton Heath scheme from Homes England in 2019. The funding was awarded through the Government’s Local Authority Accelerated Construction (LAAC) programme to accelerate the delivery of new homes and to help unlock this sustainable development at Horton Heath.”