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Yorkshire and Humber gets £1.1bn construction deal

Housing chiefs have announced plans for a £1.1 billion redevelopment of housing in the Yorkshire and Humber region.

The Homes and Community Agency hopes to build 5,400 new homes as well as expand current developments and offer support to local builders.

The investment will be in addition to the £1.5 billion national funding package announced by Prime Minister Gordon Brown in June.

It is hoped the investment will help more than 1,600 first-time buyers get on to the property ladder through the Homebuy Direct scheme. Local talent will also be used on the construction projects.

HCA head of investment Naz Parkar said: “The investment for Yorkshire and the Humber is still to be finalised and will largely depend on the outcome of bids received and awarded.

“However, early calculations indicate that more than £36 million will be available in the region, through the National Affordable Housing Programme, over the next three years.”