CIH urges the government to commit additional funds for new housing

14 June 2013

The Chartered Institute of Housing (CIH) has urged the government to allocate additional funds to the creation of new homes when it announces its spending round for 2015/2016 later this month. 
Houseladder reports that the CIH have urged ministers to invest £2 billion a year for affordable housing and raise local authority housing borrowing caps by £7 billion. They believe the funding will support the construction of 70,000 to 80,000 new affordable homes a year. The CIH believe this should help address the shortfall in properties that the UK has been experiencing.
CIH Chief Executive Grainia Long said: "Our spending round submission shows how affordable government investment can be a solution to our housing supply problem and boost our economy."

The Chartered Institute of Housing (CIH) has urged the government to allocate additional funds to the creation of new homes when it announces its spending round for 2015/2016 later this month. 

Houseladder reports that the CIH have urged ministers to invest £2 billion a year for affordable housing and raise local authority housing borrowing caps by £7 billion. They believe the funding will support the construction of 70,000 to 80,000 new affordable homes a year. The CIH believe this should help address the shortfall in properties that the UK has been experiencing.

CIH Chief Executive Grainia Long said: "Our spending round submission shows how affordable government investment can be a solution to our housing supply problem and boost our economy."

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