Nearly 6,000 homeless families in England have already benefited from the£750 million housing market package annou...
Nearly 6,000 homeless families in England have already benefited from the £750 million housing market package announced in the Chancellor's Autumn Statement, Housing Minister Sir George Young said today.
In an oral Commons answer, Sir George said: 'We now expect housing associations to exceed their original target of 16,000 purchases by well over 1,000. Some 16,666 purchases have already been approved, and over 5,700 purchases completed, so nearly 6,000 homeless families have already benefited from this initiative.
'In addition, cash grants will enable 3,500 housing association and local authority tenants to become homeowners, freeing up their current homes for homeless families. Taken together with the recent substantial fall in interest rates, this package should certainly have a positive impact on the housing market.'