Laura Sharman 25 November 2015

Spending Review: Osborne doubles housing budget

Spending Review: Osborne doubles housing budget image

The country’s ‘biggest affordable house building programme since the 1970s’ has been unveiled in today’s spending review by the chancellor.

George Osborne said the Government was doubling the annual housing budget to £2bn a year, helping to deliver 400,000 affordable new homes by the end of the decade.

He also confirmed that Right to Buy was being extended to housing association tenants, with a new pilot involving five housing associations starting from midnight tonight.

Mr Osborne’s housing announcements also included funding for 135,000 help-to-buy shared ownership homes for households earning less than £80,000, or £90,000 in London.

He also outlined changes to the planning system to accelerate housing supply: ‘We are announcing further reforms to our planning system so it delivers more homes more quickly,' he said.

‘We’re releasing public land suitable for 160,000 homes and re-designating unused commercial land for Starter Homes.

‘We’ll extend loans for small builders, regenerate more run-down estates and invest over £300m in delivering at Ebbsfleet the first garden city in nearly a century.’

The chancellor said that new rates of stamp duty - which will be 3% higher for buy-to-lets and second homes - would be introduced from next April to fund new house building. The new levy is expected to raise nearly a billion pounds by 2021.

SIGN UP
For your free daily news bulletin
Highways jobs

Greater Cambridge Partnership Head of Innovation

Cambridgeshire County Council
£70,026 - £75,644
The Greater Cambridge Partnership (GCP) is responsible for transforming Greater Cambridge through a City Deal.. Cambridgeshire
Recuriter: Cambridgeshire County Council

Head of Service - Performance, Projects and Intelligence

Sheffield City Council
£60,344 - £64,765 per annum
An exciting opportunity has arisen to join the Strategy and Commissioning team in the People portfolio. Sheffield
Recuriter: Sheffield City Council

Residential Worker - The Maples, Harlow

Essex County Council
£20604 - £26801 per annum + + 6% allowance & Possible Ovetime
Residential Worker - The MaplesPermanent, Full Time£20,604 to £26,801 per annumLocation
Recuriter: Essex County Council

Estate Services Officer

London Borough of Richmond upon Thames and London Borough of Wandsworth
£32,556.79 per annum
The role of an estate services officer will provide candidates with an important role within... London (Greater)
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Social Worker Level 1

Royal Borough of Greenwich
£34.884 - £37.722
You will be a social worker who has had experience or enthusiasm to work with older people with mental health needs. Greenwich, London (Greater)
Recuriter: Royal Borough of Greenwich

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue