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Housing: The National Empty Homes Loans Fund

July 13, 2012
Housing

Independent charity Empty Homes recently announced the formation of the National Empty Homes Loans Fund. The fund that will be launched later in the year will offer low interest loans to owners of empty homes to help them bring them into use as affordable housing.

The loans fund was one of the demands of Channel 4′s “Great British Property Scandal” campaign led by architect and independent Empty Homes Adviser George Clarke. Government empty homes loans funds have already been announced in Scotland and Wales and this fund will operate across England.

George Clarke said: “This is a really exciting development because it marks the point at which the campaign begins to deliver real change to start ending the scandal of empty homes”

Chief Executive David Ireland said “This is fantastic news; the loans fund will help ordinary people and property owners get homes back into use for people who need housing. The fund will recycle loans, meaning it will be able to operate long into the future and bring many hundreds if not thousands of empty homes back into use”

Communities Minister Andrew Stunell said: ” The number of empty homes in this country is a national disgrace – for every two families that need a homes there is one standing empty. Empty homes bring down a neighbourhood and attract vandals and fly-tipping, as well as being a waste of much needed housing. I’m delighted to see this loan fund announced today that will bring these houses back to life and offer familes a chance of a stable and secure home.”

The fund to be run jointly by Empty Homes and a building society, has been made possible by a grant from the Department for Communities and Local Government’s Empty Homes Community Grants Programme.

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