Housing Minister Grant Shapps has welcomed the confirmation of £390million to build over 8,500 new much-needed homes. Chief Secretary to the Treasury Danny Alexander has confirmed that four Government departments have agreed to reductions in unfunded spending commitments totalling £1.5billion. They include the CLG but £390million will still be made available to build 4,500 social rented homes, over 3,000 homes for sale at affordable prices and 1,000 stalled by the recession - protecting over 8,000 construction jobs. This is on top of the £170million already made available by the Coalition Government to build 4,000 new social homes. The £390 million will be distributed via the HCA with £140m of the money covering existing legal commitments. Read the full story on the CLG website.
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