More signs were in evidence this week that the government is preparing to bolster construction to sheer up the faltering economy. Inside Housing reported that the government is hatching an urgent plan to spark a house building boom and have asked Whitehall officials to examine ‘within weeks’ how more homes can quickly be built to provide an economic boost, but without further government spending.
A senior Whitehall told Inside Housing: ‘This is really good news as the direct economic benefit of housing and house building has clearly been recognised at the highest level of government. The thrust is how to get more homes without any actual direct investment.’
Options being considered are said to include using government guarantees to encourage private sector investment in housing, and the possibility of using housing association balance sheets to support further development through extending the £1.8 billion affordable rents programme.
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