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First Approval for Housing Loan

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4:30pm 15th February 2012

Cornwall looks to borrow 20 million pounds to ease the housing crisis.

Officials want the loan so they can put up 3000 affordable homes.

There will also be projects to help the disabled and homeless.

It is as the Duchy's waiting list hits 23'000.

Mark Kaczmarek from the council says they are having to think outside the box:

"What we do need to do, and I think the government needs to help in this way, is to get the banks lending money so people can actually buy their houses because we have a lot of people now paying more in rent than it would actually cost them in a mortgage"

"We're ahead of the game. We've got a core strategy. We're looking at it as a planned approach. Strategically we need to build housee in and around the more urban areas and yes we will be bringing empty homes back into use which is very very positive".

Cabinet has approved the plans and they will go before the full council next week.

4:30pm 15th February 2012

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