Wednesday, 28 February 2018

Housing Secretary Fails To Spend £72m Affordable Homes Cash

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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