Housing providers can apply for a share of a £7bn fund to
increase the supply of affordable homes, the government has announced. Housing
associations, local authorities and private developers in England are able to
bid for funding to build thousands of shared ownership, rent-to-buy and
affordable rented homes in what the CLG described as a “dramatic expansion” of
its housing programme. However, the £7bn figure is compiled from previous
announcements. It is made up of £4.7bn in grants announced in April 2016,
£1.4bn that was announced in the November 2016 autumn statement, and about £1bn
that was allocated under a previous affordable homes programme. Read more on
the Guardian website.
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