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Sargeant unveils pact for 10,000 homes and extra regeneration cash

Words: Huw Morris
Housing in Wales

A pact to deliver 10,000 affordable homes by 2016 has been signed by the Welsh Government and Community Housing Cymru, which represents the nation's housing associations.

Although 60 per cent of the government's affordable housing target of 7,500 homes was reached in the first two years of the administration, demand for new homes significantly exceeds supply.
Housing, planning and regeneration minister Carl Sargeant has now increased the target to 10,000 homes by 2016 when the next elections are due.
"Increasing the supply of homes in Wales is my top priority and I am committed to working with developers, housing associations, local authorities and financiers to bring forward innovative schemes that will increase the supply of good quality affordable homes," he said.
Meanwhile Sergeant has announced a further £2 million of funding to help regenerate some of the most deprived areas in Wales.
The additional funding comes on top of the £5 million announced last September and means that seven local authorities will each receive £1 million.
The areas receiving the funding are Tredegar in Blaenau Gwent; Rhymney in Caerphilly; Grangetown in Cardiff; Llanelli in Carmarthenshre; Rhyl in Denbighsire ; Caernarfon in Gwynedd and Barry in the Vale of Glamorgan.