More than half a million people could be added to housing waiting lists – and 283,000 construction industry jobs lost or not created – if the Government slashes the affordable housebuilding budget by 40%.
The National Housing Federation has warned that ministers - who are looking at making cuts to departmental budgets of up to 40% - risked shutting the door on an entire generation of families on lower incomes by withdrawing billions of pounds worth of funding for affordable housing schemes.
Source: propertytalk Live!.