Housing minister John Healey has doubled the amount of government spend on council housebuilding in the largest affordable housing programme for two decades, according to Communities and Local Government (CLG).
Healey announced that 73 councils across England would share an extra £122.6 million and that local authorities had matched the level of borrowing to £246 million, taking total public investment in the programme to more than £500 million, allowing more than 4,000 council homes, many of them family homes, to be built for 8,000 people.
“Councils have shown they’re ready and willing to build new homes, so I’m ready to back them,” Healey said.
Source: Housebuilder
See Also: Property News (5994), John Healey (8), Communities and Local Government (10), Housebuilder (84)
Date Published: 11 January 2010
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