Wednesday, May 02, 2018

Government Success?

In March 2016 the government announced a £1.2bn fund to help deliver “200,000 quality starter homes by 2020 exclusively for first-time buyers at a 20% discount on market value”. The promise was originally made in the Conservatives’ 2015 election manifesto. In January 2017, Gavin Barwell, then housing minister, , said the first homes would be built that year.

£250m of the starter homes land fund has been spent to date. No starter home has been built yet.

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