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AMA REVEALS 25% CUT IN HOUSING CAPITAL FIGURES CONTAINED IN BUDGET

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The Association of Metropolitan Authorities has warned that the Chancellor's decision to slash funding for social h...
The Association of Metropolitan Authorities has warned that the Chancellor's decision to slash funding for social housing will leave local authorities unable to adequately help homeless families and those in unsuitable accommodation.

It says the figures announced in the budget represent a 25% cut in housing capital between 1993/94 - reducing the overall amount available to councils from £1778 million to £1332 million with most of this money being used to finance repairs to council stock.

The money available for grants to repair private sector accommodation has been cut, claims the association, by 19% from £400 million in 1993/94 to £314 million in 1994/95.
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