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HOUSING CORPORATION CALCULATES EFFECT OF BUDGET ON HOUSING

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The government cut of£300m from the Housing Corporation Approved Development Programme (ADP) in 1994-95 with a fur...
The government cut of £300m from the Housing Corporation Approved Development Programme (ADP) in 1994-95 with a further cut of £250 million in 1995-96, translates to 13,000 fewer new social houses via the Housing Corporation in 1994-95, the Institute of Housing said today.

The government is able to claim adherence to manifesto commitments by counting into the 150,000 figure houses acquired by associations under the Housing Market Package, comments the Institute.

The DoE claims 53,000 new social homes next year also looks unrealistic.

The cut of £150m in the LA capital programme translates into 30,000 fewer council homes renovated in 1994-95, said the Institute.

The Institute said: 'We are dismayed that yet again the housing budget is being put through the Treasury wringer.'
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