Just 5 Per Cent Of New Homes To Be Built With Government Money Will Be Most Affordable Type

Just 5 per cent of homes to be built with government money will be the most affordable type of housing despite the prime minister’s pledge to build a “new generation of social homes“, ministers have admitted. The government said only 12,500 of the 250,000 homes to be built with the affordable homes budget by 2022 will be social homes – equivalent to 2,500 per year. The other 237,500 are likely to be more costly “affordable homes”, which can be sold for hundreds of thousands of pounds or rented out at up to 80 per cent of full market value. Read more on the Independent website.

https://www.independent.co.uk/news/uk/politics/government-housing-social-homes-spending-5-per-cent-affordable-council-theresa-may-conference-a8689591.html