Section: Housing Finance

Spring statement 'missed opportunity' to get us building more

Posted 14.03.18
Chartered Institute of Housing (CIH): Article link

Melanie Rees, CIH's Head of Policy, said the balance of housing funding needs to be addressed after an uneventful Spring statement for housing.

She said:

"This is another missed opportunity to get us closer to building the homes that we need.

"Unless we quickly start to build more of the right homes in the right places then the next generation will have absolutely no chance of getting access to a home that they can afford.

"There are measures that could be taken now to address this critical situation that would not require additional borrowing.

"At present just 21% of funding earmarked for housing until 2021 will directly fund affordable housing. This simply does not reflect the balance of housing need across the country and the government must seriously address this imbalance."


Housing budget allocated but not used totals £1.1 billion

Posted 04.03.18
HuffPost UK: Article link

Housing Secretary Sajid Javid is facing fresh questions after it emerged that his department failed to spend huge sums of affordable housing cash for two years running.

HuffPost UK revealed this week that £72 million was returned to the Treasury which was allocated for affordable housing this year.

Failure to spend £220 million on building affordable homes the previous year has now been revealed.

Sajid Javid's department also surrendered £379 million for the Government's flagship Starter Homes schemes over the course of two years.

The total amount of the housing budget allocated but not used by the Government now stands at £1.1 billion.


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Reporting on March 2018

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