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MPs launch housing crisis inquiry

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The communities and local government select committee has called for evidence for a new inquiry into housing finance amid concerns over a lack of social and affordable homes.

MPs will look at both the private and social housing sectors, taking into account dwindling government resources and lack of money made available for mortgage applications.

Last month the Department for Communities & Local Government revealed house building in the three months to June had fallen by 9% on the previous quarter and 18% year-on-year.

The committee is inviting interested parties to give evidence on how limited capital and revenue public subsidy can best be invested.

It will also look at reforming the Housing Revenue Account system to make more money available for housing, and whether housing associations and ALMOs can increase the amount of private finance going into housing supply.

The deadline for written submissions has been set for 21 October.

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