Property News · April 23, 2018

Councils in UK sitting on US$525m earmarked for affordable housing


Local councils in England are sitting on hundreds of millions of pounds designated for affordable housing.
A total of £375 million (US$525.27 million) is available, £100 million of which has not even been earmarked for a specific project. This is despite a survey last year for the Town and Country Planning Association showing that 98 per cent of councils described their need for affordable homes as either “severe” or “moderate”.
The cash has been accumulated…

Source : South China Morning Post
Read more…Councils in UK sitting on US5m earmarked for affordable housing

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