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%. The number of homes expected to be built by housing associations is forecast to fall by 64,000 over the next five years. The FT (£)