“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.”
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.