Wales set to build 7,500 new affordable homes
9:10am Sunday 28th October 2012 in News
THE WELSH Government is on target to provide 7,500 additional affordable homes.
Figures published yesterday revealed the ambitious target will be met during this term of government.
Just under 2,500 homes were built in the last financial year, with 62 percent of those funded by capital grants from the Welsh Government and Welsh Registered Social Landlords.
Huw Lewis, the housing, regeneration and heritage minister said: "The statistics represent a very strong start towards an ambitious target and clearly demonstrates the commitment we have made to increase the amount of affordable housing available to people who need it."
"However, we know that demand for affordable housing continues to grow and we need to deliver even more homes in future."
"With tightening budgets this will prove quite a challenge. We are developing new ways in which we can attract other investment and I look forward to working with local authorities, housing associations and others in the housing sector to keep up the good work we have carried out to date and deliver more homes to help families in Wales."