First Homes
The government's First Homes policy came into effect 28 June 2021.
First Homes must account for at least 25% of affordable housing units secured through section 106 obligations, whether on-site, through cash in-lieu or as a combination of the two. First Homes must take priority over the other affordable housing products.
The maximum price First Homes can be sold for is £250,000. A discount of 30% from the market price remains with the property on subsequent sales so that future eligible buyers can benefit from the scheme.
First Homes should be provided as part of all relevant applications that are determined after 28 December 2021. This deadline was extended to 28 March 2022 for sites where there has already been significant pre application discussions in terms of the affordable housing quantity or tenure mix.
To assist applicants see: