80% of Government's £1bn Rented Home Fund Goes To London

A property agent has complained that 80% of a £1 billion government fund to create new rented homes has gone to London. Ajay Jagota, of North East firm KIS Lettings, reacted after Housing Minister Kris Hopkins announced a list of projects set for a slice of the build-to-rent fund. Of the 6,500 homes planned for construction using the government cash, 80% will be in London, and none of the 37 projects set to benefit from the fund will be in the North East. Read more on 24dash.