Following receipt of a letter from Eric Pickles Clive
Betts MP said:
"At a time when the country urgently needs to
deliver more housing, I am very concerned that public money for key house building
programmes is sitting idle in the Government’s coffers. The fact that money dedicated for housing is
swishing around the Department’s bank account will be of little comfort to
those people desperate to have their own roof over their heads. The Build to
Rent Fund was supposed to provide equity finance to get much-needed private
rented housing off the ground. However, the Government has now announced that
some 80% of the fund will be ‘reprofiled’, meaning spending will be deferred to
future years rather than starting to help people now. Read more on the
Parliament website.
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