Councils sit on £375m earmarked for affordable housing

Despite ‘severe’ need for lower cost homes in some areas, funding is not being releasedLocal councils in England are sitting on hundreds of millions of pounds of money designated for affordable housing.A total of £375m is available, £100m of which has not even been earmarked for a specific project. This is despite a survey last year for the Town and Country Planning Association showing that 98% of councils described their need for affordable homes as either “severe&