One billion pounds for housing in Budget

22 April 2009

Alistair Darling

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.'