Osborne promises affordable properties to cushion large social housing savings

first_img Tags: NULL CHANCELLOR George Osborne said yesterday that 150,000 affordable homes will be built by 2015, in a bid to ease the housing shortage. The spending review also promised to make it simpler to get permission to build new homes.The plans are intended to support private sector growth to balance out cuts to the housing welfare systems. However, some commentators were sceptical of the private sector’s ability to plug the gap. “The government’s planned cuts to local housing allowance could well result in heavy additional financial burdens on the private rented sector, at precisely the time that demand for affordable housing to rent will be increasing,” said David Salusbury of the National Landlords Association.The government has promised to reexamine its own property expenditure, having appointed Sir Philip Green to review its real estate holdings. Osborne said yesterday a pilot property management body will be rolled out in London and Bristol this year, and is set to make “substantial gains” from the government’s portfolio once rolled out nationwide. Wednesday 20 October 2010 8:21 pm Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Osborne promises affordable properties to cushion large social housing savings whatsapp whatsapp Show Comments ▼ Share KCS-content last_img