Investment in Affordable Housing Is Actually a Cut

The chancellor's lengthy spending review speech was short on the subject of housing. It was also light on detail, repeating the commitments on capping welfare that include the housing benefit element.  More details emerged the following day when £3.3bn was allocated by government to increasing the supply of affordable homes, but over three years this is actually less funding per year than the current affordable housing programme, which committed £4.5bn over four years.  Despite this, the current programme aims to deliver 170,000 homes over four years, whereas the new ambition is 165,000 homes over the three years. But, with no further announcement on affordable rent, it is not clear where the money will come from to make this ambition viable.  Read more on the Guardian website.