Capital has £1bn to use on housing

6th May 2016

Though his or her identity is unknown at the time of writing, London’s next mayor, could tap into £1bn of unspent government cash to unlock the capital's housing crisis, a report from the Housing and Finance Institute claims. The report highlighted unspent money in boroughs' housing revenue accounts, plus more in land values, access to national grants and potential low-rate borrowing that could be utilised. It also claimed London has capacity for over a million more homes simply by better land use.

Evening Standard (29/04/2016)