The Homes and Communities Agency has chosen 87 stalled housing schemes, from the 265 shortlisted, to receive the first wave of funding from Round 2 of its Kickstart programme.
A total of almost £83 million will be allocated to unlock 5,696 new homes, including 3,503 affordable of which 2,193 will be made available through HomeBuy Direct, 345 through other Low Cost Home Ownership routes and 802 for social rent.
Among the housebuilders to benefit from the funding are Miller, Redrow, Persimmon, Morris and Barratt.
Around a quarter of the successful schemes are expected to be back on site by the end of this month with almost all of them, 85, expected to meet Level 3 of the Code for Sustainable Homes.
A further announcement on other successful bidders in Round 2 is expected in late Spring.
HCA chief executive Sir Bob Kerslake said: “With over 6,000 new and affordable homes now on their way to being completed through Round 1 of the Kickstart programme, this second round of funding will help many more schemes get back on track.
“The due diligence process for selecting these successful projects has been rigorous, assessing factors such as value for money, local fit, demand and sustainability to help ensure the homes meet the needs of the people who will live in them.
“With much of the funding for this round delivering many more HomeBuy Direct properties we are not only helping developers by unlocking schemes but also giving more people the opportunity to own their own home.”
Kickstart will help to create employment opportunities around the country with at least 99 apprenticeships created and 22 safeguarded through these Round 2 schemes.
The funding announced today is in addition to £425m allocated through Round 1 to deliver a total of over 6,000 new homes across 141 mothballed schemes that have been helped to restart on site.