Treasury plans £5bn total investment in housing supply and a reduction in discounts under the right-to-buy schemeThe Treasury has announced an extra £500m for social homes in the budget, in what appears to be a compromise with the housing department, led by Angela Rayner, over the scale of ambition required in the sector.The promise of an additional £500m for the government’s affordable homes programme (AHP) is intended to add up to 5,000 extra social homes. The Treasury said it will bring total investment in housing supply to £5bn. Continue reading…
Source link : https://www.theguardian.com/society/2024/oct/26/chancellor-pledges-extra-500m-for-social-homes-in-budget
Author : Peter Walker Senior political correspondent
Publish date : 2024-10-25 23:01:16
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Chancellor pledges extra £500m for social homes in budget
