Housing Secretary Sajid Javid was forced to “surrender”
£72m in affordable homes cash as it was deemed “no longer required” this
year. Javid has admitted a total of
£817m of the MHCLG budget is being sent back to the Treasury as his department
had failed to spend the cash. In an “explanatory memo”, Javid, who had housing
added to his communities and local government brief in January, said the huge
sum was no longer needed in 2017/18. The unspent cash includes:
- £65m for London, where housing pressures are most acute
- £329m for the Government’s flagship ‘starter homes’ programme for first-time buyers
Read more on the Huffington Post website.
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