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Affordable homes cash comes to Manchester
13/12/2007
Manchester and the north-west are to receive £526 million to pay for new affordable housing, it has been announced.
It is part of a larger scheme in which the government is allocating over £8.4 billion to affordable housing projects around the country.
The government has pledged to provide more than 70,000 affordable homes a year by 2011.
Housing minister Yvette Cooper said: "70 per cent of households are now home owners and 90 per cent say they want to be.
"As a government we want to widen access to home ownership and help more people build up assets."
Manchester City Council recently said that all planning applications for new developments that comprise more than 15 properties must include a provision for affordable homes.
The city has also been asked by the government to establish local housing companies in conjunction with private developers to build more affordable houses.
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