Government spends four times more subsidising private housing than building affordable homes

‘The Government is spending four times as much – some £32bn – subsidising private housing as it is building affordable homes for low income families, a report has revealed.

The study showed 79 per cent of the total housing budget is currently spent on higher-cost homes for sale, including through the controversial Help to Buy scheme, but just 21 per cent, around £8bn, goes to affordable homes for rent.

The annual review carried out by the Chartered Institute of Housing (CIH) exposes a significant shift away from programmes that lead to new homes being built.

In 2010-11 the Government contributed £2.5bn to the Affordable Homes Programme but by 2015/16 that had fallen to just £285m.’

Read more: Government spends four times more subsidising private housing than building affordable homes