Tuesday, 31 March 2015

Affordable Homes Spending At Its Lowest Since 2000

Spending on affordable housing is at its lowest point for 14 years. Latest figures show it stood at £965million last year - the same as it was in 2000. But the Tories were so embarrassed about the stats they waited five months to put them out. The affordable houses programme is designed to offer cheap properties for rent or sale not provided by the market. Investment in affordable housing has been dropping since its high point of £3.7 billion in 2009-10, the last year of the previous Labour government. By 2011 spending had gone down more than £1billion and has been dropping ever since. Read more on the Sunday People website.

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