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RENTED HOUSING GROWTH WILL SLOW AFTER CORPORATION BUDGET CUTS

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The number of homes built by housing associations for rent will fall sharply after cuts in the Housing Corporation'...
The number of homes built by housing associations for rent will fall sharply after cuts in the Housing Corporation's budget, the Financial Times reports (p6, December 18).

The paper reports on Friday's housing allocations from the Department of the Environment. It says that Corporation approvals to start building homes for rent are due to fall from 38,900 this year to 26,800 in 1996-97 whereas last year associations provided more than 60,000 homes for rent.

Sir George Young, housing minister, told the Commons that he expected at least 54,000 homes to be completed between 1993-94 and 1995-96.

Jim Coulter director of the National Federation of Housing Associations, says the FT, said the government was focusing on completions rather than starts in order to disguise the cuts.
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