Friday, 27 April 2018

Councils Have Failed To Spend £375m Earmarked To Ease The Housing Crisis

Councils across the UK are hoarding hundreds of millions of pounds set aside for affordable homes. More than £375million is sitting in councils’ bank accounts instead of being used to tackle the housing crisis. Two-thirds of that cash - £235million - is being held by just 14 councils. Labour-run Southwark has £52.6million in the bank, while Camden – also controlled by Labour – has £37.6million. Tory-run Kensington and Chelsea, which has yet to find new homes for two-thirds of those families affected by the Grenfell Tower tragedy, has £21million for affordable housing sitting unspent. Read more on the Huffington Post website.

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