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'SUBSTANTIALLY FEWER NEW HOMES TO RENT AFTER DoE ANNOUNCEMENT'

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The joint announcement today of Housing Corporation and local authority housing programmes for next year confirms f...
The joint announcement today of Housing Corporation and local authority housing programmes for next year confirms fears that output of affordable housing to rent is set to fall dramatically, the Institute of Housing said this afternoon.

The IoH estimates that only 25,000 extra affordable homes to rent will be produced in 1994/94. This is some 15,000 fewer than this year and just one quarter of the 100,000 homes needed according to a wide range of independent studies.

Commenting on the announcement, IoH policy director John Perry said: 'This further tightening of the screws by government confirms that the provision of affordable, decent homes for all remains in political terms a non issue.

'The announcement is bad news for the homeless and those in housing need and bad news for an already depressed building industry.'
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