Govt launches £2.3bn fund amid raft of housing measures

Philip Hammond 620px

The Government is launching a £2.3bn housing infrastructure fund to deliver infrastructure for up to 100,000 new homes in areas of high demand, according to Chancellor Philip Hammond.

The Chancellor also announced an additional £3.15bn for 90,000 new houses in London.

Delivering the Autumn Statement today, Hammond said home ownership was still impossible for many.

The Government has also set aside an additional £1.4bn to deliver 40,000 affordable homes, Hammond said.

The cash will be split between rent to buy, shared ownership and affordable rent schemes.

The Government is also set to launch a housing white paper to address more housing issues.