Treasury Review Targets Housing Spending

Plans to build thousands of affordable homes with £380 million of public funds are under threat following the announcement of a government spending review. It comes as Communities secretary Eric Pickles ordered a review of the value for money of the government’s £285 million mortgage rescue scheme for struggling homeowners. The Treasury review will look at quangos, including the Homes and Communities Agency’s expenditure on affordable housing schemes and the decent homes programme. It will see projects deemed poor value for money scrapped, with decisions on projects already underway being taken as a priority. The HCA has this year announced more than £380 million of funding for 36 major projects delivering 5,572 homes. Read more of this story on Inside Housing by clicking on the logo below.