Monday, July 14, 2008

What’s The Truth About The £200 million Empty Homes Fund?


Many people seem to be under the impression that the government has launched a fund to enable councils and housing associations to buy up empty homes. Nice idea, but unfortunately untrue. Housing Minister Iain Wright, explained earlier in the week that what had happened was that the Housing Corporation had granted an extra £200 million to help housing associations buy property from developers. Amazingly despite this, two days later we find here the deputy Prime Minister. Standing in for Gordon Brown on Friday coming out with the empty homes fund line again. Although as Vince Cable pointed out on Friday, £200 million wouldn’t make much difference anyway, and he rightly called for a larger fund that would allow housing associations to buy more empty homes. The Times summarised his point with this telling graphic.

4 comments:

  1. Telling statistics. It's a real scandal that so many homes are empty, especially given the shortage of property in the UK

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