Nov
23
U.K. to Set Up $2.9 Billion Fund to Boost New Home Building
ByThe U.K. is setting up a 2.3 billion pound ($2.9 billion) housing infrastructure fund as it seeks to slow home-price rises.
The fund will develop infrastructure to help support the construction of 100,000 homes by 2021, Chancellor of the Exchequer Philip Hammond said in the Autumn Statement on Wednesday. An additional 1.4 billion pounds will be spent to help deliver 40,000 affordable homes, Hammond said.
“The government expects to more than double annual capital spending on housing,” the Chancellor said, “This commitment to housing supply represents a step change in our ambitions on housing for sale and for rent.”…
U.K. to Set Up $2.9 Billion Fund to Boost New Home Building
