LNB News 16/05/2025
Document Information
Issue Date: 16 May 2025
Published Date: 16 May 2025
Jurisdiction(s): Wales
The Welsh Government has allocated £24m in loan funding through its Land for Housing scheme to enable the development of more than 600 new homes across Wales. The funding supports land acquisition for both social and market housing developments, with loans being repaid and reinvested when construction funding is secured. The announcement highlights a previous £3m loan to Wales & West Housing for land in Grangetown, Cardiff, which led to the development of 100 affordable social rent homes. The scheme aims to contribute to the Welsh Government's target of delivering 20,000 new low carbon social homes during the current Senedd term.
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