One billion pounds for housing in Budget
22 April 2009
Chancellor of the Exchequer Alistair Darling announced measures worth £1 billion for housing in today’s Budget.
The package included:
- Stamp duty holiday for homes up to £175,000 to be extended to end of year.
- An extra £80m for shared equity mortgage scheme.
- £500m to restart stalled housing projects - including £100m for local authorities to build energy efficient homes.
- £50m to upgrade housing for the armed forces.
Adam Sampson, chief executive of Shelter said:
'Housing is at the heart of the recession with millions of people suffering through threat of repossession, lack of affordable housing and homelessness.
'A £1 billion package is a welcome recognition that housing has to be a top priority for Government now and for the next decade.'
