Homes England - First Homes Pilot

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Description

The new First Homes Affordable Housing scheme will seek to support eligible first-time buyers to buy a home for a discount of at least 30% compared to the open market price. Full details of the scheme can found here. https://www.gov.uk/government/consultations/first-homes The First Homes discount will be registered on each home title in perpetuity. This notice relates to a First Homes Pilot scheme for 2021-23 that will deliver an estimated 1,500 First Homes for sale. The early pilot delivery will provide learning to Homes England to assist the national implementation of First Homes which will deliver at scale via the planning system. Homes England intends to procure house builders to offer Pilot First Homes for sale from summer 2021 with the support of Homes England grant funding estimated to be up to £150m. These Pilot First Homes made available in this way will be from homes intended for market sale (not any Affordable Housing provision already agreed between builders and Local Authorities) discounted by 30%, marketed as First Homes and purchased by eligible buyers. This opportunity may be access via Homes England's etendering system, ProContract ( https://procontract.due-north.com/ ) by searching for reference number DN531227.

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