Just one month since the launch of the National Empty Homes Loan Fund (NEHLF), the scheme has received enquiries for funding worth over £1 million – the equivalent of over six months’ of expected activity. The scheme, which is aimed at bringing some of England’s 710,000 empty homes back into affordable use, has been swamped by enquiries as owners of empty properties apply to borrow funds to renovate their houses. Renovation work on the first property to receive a loan from the NEHLF is progressing well, ahead of the property being let as affordable housing. The house in Blyth, Northumberland, had been empty for 2 years before the owner of the property received a loan of £12,000 from the fund in the middle of September, to help renovate the property. Work including roof repairs, new chimneys, damp proofing as well as installing a new kitchen and bathroom is drawing to a close and it is hoped that it will be completed within the next few weeks. Read more: emptyhomes/loans/national-empty-homes-loans-fund-sparks-huge-interest/
Posted on: Wed, 02 Oct 2013 10:13:49 +0000
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