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Affordable green housing launched
08 August 2007
In a move to tackle climate change, the Cooperative Bank has teamed up with housing developer Living Space 21 to build homes which are both energy efficient and affordable.The new homes will feature timber from sustainable forests, rain water capture systems, recycling equipment and solar-efficient roofs.
The price is also designed to help the 92 per cent of first time buyers who are struggling to get on the property ladder, with prices starting at just £59,950 for a studio apartment, excluding land.
It will form part of the government's new house-building programme which seeks to build an additional three million homes by 2020.
The government's Housing Green Paper also sets out targets for the efficiency requirements of new builds.
Paul Hemingway, head of campaign delivery at the Cooperative Bank, said: "We are providing a modern housing option which is not only affordable to all, but also causes minimal impact to the surrounding environment."
