Nearly £8 million of new funding is set to be invested in accelerating house building across Plymouth.
The funding will bolster the latest version of the Plan for Homes, which to date has helped deliver more than 7,500 new homes city-wide.
The plan details the Council's priorities for ensuring that the city has the housing to tackle the local effects of the national housing crisis as well as cater for the city's growth agenda.
By supporting a variety of new and affordable housing to tackle housing needs and homelessness, it sets out a strategy for the future for housing in the city to support the delivery of the Joint Local Plan.
This new capital investment, added to legacy funding of just over £3.5million, gives the Plan for Homes a total budget of around £11.5million.
The timing is perfect with the need for new housing across Plymouth has never been higher. A combination of economic factors has exacerbated the housing crisis, played out nationally, which has resulted in record numbers of people approaching the Council for housing support.
Councillor Chris Penberthy, Cabinet Member for Housing, Communities and Cooperative Development, said: "I'm really pleased to bolster the power of the Plan for Homes with this funding.
"I've said it before and I'll keep saying it – we are in the middle of a housing crisis and we must come up with ways we can make things better for families who need somewhere to call home in our city.
"These families are not just statistics. They are people who want what should be, in 2025, a basic human right; somewhere to call home and we will keep bringing forward innovative ways of tackling the worst of the crisis here in Plymouth."
The new Plan for Homes 4 Programme budget £7,977,853.09 comes from a variety of sources, but a significant £4 million is forecast to be generated from receipts from the sale of Broadland Gardens.
Broadland Gardens is a development of 10 energy-efficient, sustainable two, three and four bedroomed homes in Plymstock. All 10 homes are being sold on the open market with, as promised at the start of the project, surplus generated invested back into affordable housing elsewhere in the city.
Other sources include monies from new and unspent Section 106 funding, recycled Right to Buy receipts, repayment of empty homes loans, sales of Council land and Brownfield Land Release funding.
More details on the Plan for Homes and its achievements to date can be found at www.plymouth.gov.uk/PlanforHomes