Housing Gets £4bn Boost To Increase Number Of New Homes

The chancellor committed almost £4bn to housing in his autumn statement, in a move he said represented a step-change in the government’s ambition to increase the supply of homes for sale and rent. The money, which the Treasury said was new cash, will be spent through two funds: one providing money for infrastructure projects to make sites viable for building, the other providing money for affordable homes. Measures to tackle the housing crisis included:

·         A £2.3bn housing infrastructure fund for local authorities to help deliver up to 100,000 homes

·         An extra £1.4bn for local authorities and housing associations to provide affordable housing to rent or buy

·         The roll-out of right-to-buy to 3,000 more housing association tenants

Read more on the Guardian website.