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Affordable housing spend to fall by £20bn

Spending on affordable housing in England will be slashed in 2024 and fall even further over the next decade.

Housing associations will spend 9%, or £1.5bn, less than the previous year, according to their own forecasts.

Centrus, a financial adviser that works with housing associations, said funding over the coming decade would be cut by £20bn, or 15%.

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