More developer-led funding from government for “affordable” rented housing

“Housing providers are being invited to bid for a share of a £7bn fund in what is being billed as a “dramatic expansion” of the government’s affordable housing programme.

Communities secretary Sajid Javid today said he wanted to halt the decline in affordability of housing.

… The funding unlocked today is intended to support the delivery of more shared ownership homes, more Rent to Buy homes (where first-time buyers are helped to save for a deposit) and more Affordable Rent homes, to help those in the private rented sector with housing costs.”

http://www.publicfinance.co.uk/news/2017/01/javid-unlocks-ps7bn-fund-turbo-charge-affordable-housing

You see what they have done there? Yet again, the developers get the money! This will do NOTHING for most people not on the housing ladder but an awful lot for speculative rented sector property investors.

One thought on “More developer-led funding from government for “affordable” rented housing

  1. When, oh when, will politicians learn that treating the symptoms increases the cause rather than reducing it.

    What is needed is legislation to force developers to stop acting in a monopolistic, anti-competitive way, freeing up the property development market for smaller developers to enter.

    Am I the only one to see the irony of a government which refuses to ensure a free market in the private sector (where competition is needed but is stifled) but is imposing a free market in the public sector (where competition can’t really exist)?

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