Manifesto Watch: Liberal Democrats pledge to build 300,000 new homes each year
The Liberal Democrats have announced plans to build 300,000 new homes each year, as part of their manifesto ahead of next month's general election.
Under the proposals, the government would directly commission new housebuilding, with the party claiming this would result in fewer stalled developments.
Announcing the plans, leader Nick Clegg said: "Liberal Democrats believe everyone should have the opportunity to have a decent home at a cost they can afford. That's why we have increased housebuilding in government but we want to go much further. And we will help young people who want a home of their own with radical plans to help them buy or rent."
This pledge is one of several housebuilding and property-related proposals in the manifesto. Other pledges include:
- Bringing forward at least 10 new garden cities in England
- A new Housing Investment Bank to provide long term capital for major new developments.
- New Rent to Own homes, where monthly payments steadily buy you a stake in your house.
- A new Help to Rent scheme to help young people put down a deposit to rent their first property.
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