£250m Spent But No Starter Homes Yet Built Under Flagship Fund

The government has spent £250m to boost starter home construction without a single property being built so far, it has emerged. Dominic Raab, the housing minister, made the admission in response to a question from John Healey, the shadow housing secretary, who described the situation as “a betrayal of young Brits looking for help to buy a first home”. In March 2016 the government announced a £1.2bn fund to help deliver “200,000 quality starter homes by 2020 exclusively for first-time buyers at a 20% discount on market value”. The promise was originally made in the Conservatives’ 2015 election manifesto. Read more on the Guardian website.

https://www.theguardian.com/society/2018/may/02/250m-spent-but-no-starter-homes-built-under-flagship-fund