The National Housing Federation – which represents housing associations – will warn today that plans to build 270,000 affordable homes for low income families over the next decade could be axed as a result of the spending review.
The campaign group doesn’t know what’s in the CSR but is estimating that funding for new developments will be cut by up to 50 per cent; which is probably not far off the mark by my estimate. (The DCLG will slash spending on property grants; it’s also rumoured to be cutting its own staff by 40 per cent).
The National Housing Federation claims it has heard that housing is likely to be one of the biggest losers out Wednesday’s CSR – with the danger of building grinding almost to a halt. Read more