Â£300m Money Pot to Tackle Plethora of Empty Homes
We were extremely pleased by Communities Minister Don Fosterâ€™s announcement earlier in the week, pledging to ensure that some 5,000 empty homes could be refurbished and brought back onto the market as the government battles to end the national housing shortage.
Local councils, housing associations and a range of other organisations including community and voluntary groups are being invited to bid for money from a Â£300million pot of funds, in order to tackle the number of empty and run down houses in the Greater Manchester area, which could help rejuvenate often blighted local areas.
With a nationwide council house waiting list of over four million people, we think this is a great idea, as it will help tackle the plethora of empty run down properties to be found throughout the UK. Furthermore, it will hopefully help alleviate the vicious cycle where one run down home can bring an area down, which can then spiral into whole communities being affected.
Recent government figures show the number of empty homes is already decreasing, having dropped from 300,000 in 2009 to 259,000 in 2012.
At The House Crowd, we purchase BMV properties which are often unliveable in when we acquire them, and regenerate them into attractive homes before renting them out, providing affordable housing in areas that are often desperately short of housing.Â And all of which still delivers an excellent return on investment for our investors.Â So we’re providing a community service with the help of our investors, whilst still providing them with a better return on their investment than they would find with any bank.
The House Crowd is a brand new concept in property investment which allows people to invest small amounts via crowdfunding (for more information on the process, visit www.http://thehousecrowd.com/thehousecrowd//how-it-works/). We are committed to breathing life into empty, rundown properties whilst giving investors great returns on their investments (for more information about us, visit www.http://thehousecrowd.com/thehousecrowd//about/our-manifesto/). If youâ€™ve read enough and want to invest now, visit www.http://thehousecrowd.com/thehousecrowd//invest-in-property/).