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Budget sparks Northern Irish housing fears

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The Chartered Institute of Housing (CIH) has warned of a tough year for investment in Northern Ireland following the unveiling of the draft budget which reveals a 63% reduction in funding for housing.

It says the reduction will leave a “massive shortfall” in public money for social housing.

The executive has earmarked £496m for housing over the next three years, but the CIH said it was expecting£1.4bn.

The news comes despite the prime minister’s pledge to increase affordable housing.

CIH Northern Ireland director Grainia Long warned: “The government of Northern Ireland will not be able to hit the targets it has outlined.”

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