Affordable housing at Budget 2020 – at a glance
Thanks to today’s Budget 2020 meeting, the new Affordable Homes Programme will get a much needed £12bn multi-year settlement and £400 million for ambitious Mayoral Combined Authorities and local areas to establish housing on brownfield land across the country.
Tom Slingsby, chief executive of property developer Southern Grove, which focuses heavily on creating affordable homes, comments:
“This cash boost for affordable homes will underpin building for many years to come and is a declaration of war on a housing crisis that isn’t going away.