Tuesday, 12 July 2016

Alarming Lack Of Government Investment In Affordable Housing To Rent

The UK Housing Review briefing's summary of current government support for affordable and private market housing investment in England from 2015/16 onwards shows that out of the £45 billion of government investment dedicated to housing, just £2 billion is being spent on below-market rented housing, only four per cent of the total. This is largely because money previously directed toward housing for rent is now going towards low-cost homeownership initiatives, such as shared ownership and starter homes, where over £6 billion is now to be invested. This means that 80 per cent of government commitments - a further £36 billion – is now going to wider initiatives to support the private market, especially via help to buy. Read more on the Housingnet website.

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