Oct 29, 2018

Budget 2018: What do the housing measures mean?

PA More help for first-time buyers and plans to create more homes on the High Street have been announced in the Budget. Labour MP Helen Hayes said she was concerned at the chancellor's plans to simplify the process of converting commercial buildings into homes, saying that relaxing planning regulations has created "Appalling" housing. Mr Hammond promised an extra £500m for the Housing Infrastructure Fund - a pot of money that local councils can apply to for help with building homes. The government has also struck deals with nine housing associations to deliver 13,000 homes across England. Mr Hammond also said he was providing money to help up to 500 neighbourhoods to allocate land for housing and sell the homes to local people at a discount.

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