HCA Cuts Threaten 7,000 Homes

More than 7,000 new homes are under threat as a result of a £610 million package of funding cuts and spending freezes. The Homes and Communities Agency announced the changes on Tuesday as part of a £6 billion package of government savings. Cuts to house building programmes total £230 million, while some HCA spending is now on hold until after the emergency Budget on 22 June. Sir Bob Kerslake, chief executive of the HCA, said funding for ALMOs had not been affected and that mortgage rescue funding would also continue. Read more on the Inside Housing website.