Government’s £300m Community Housing Fund Faces ‘Serious Under Allocation’

A £300m government programme for community-led housing could be “seriously under allocated” with homes left unfinished if it is not extended, the National Community Land Trust (CLT) Network has warned. The Community Housing Fund was expected to be worth £60m annually for five years when first announced in 2016, but will actually run for just 18 months. The fund was unveiled by David Cameron’s government at the 2016 spring Budget. However, the bidding did not open until July 2018 and will close at the end of 2019 – with all awarded funding needing to be spent by March 2020. Read more on Inside Housing.

https://www.insidehousing.co.uk/news/governments-300m-community-housing-fund-faces-serious-under-allocation-60157?utm_source=Housing60&utm_medium=email&utm_content=article_link&utm_campaign=H60

Council Has Millions To Spend On Affordable Housing

Trafford Council has millions of unallocated cash to build affordable homes – and to make improvements to education facilities, highways, parks and green spaces. Since 2012, developers have handed over more than £25million of section 106 money that should be spent on upgrading the area. And while the authority has spent more than £19million – there are a number of outstanding financial agreements worth £17.6million where trigger points have not yet been met. Read more on the Messenger website.

http://www.messengernewspapers.co.uk/news/16446426.council-has-millions-to-spend-on-affordable-housing/