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Help to Buy equity loans
Posted on: 18 June 2014
By: mackene
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Filed under: News
The House of Commons Committee of Public Accounts has published the outcome of its inquiry into Help to Buy equity loans. The Committee argues that the Department for Communities and Local Government (DCLG) commited £10bn of taxpayers money to fund the Help to Buy programme without first assessing whether the massive outlay represented value for money. It also suggests that the DCLG ‘does not understand the overall impact of its housing strategy and the combined effectiveness of its different initiatives’, which include the New Homes Bonus scheme through which local authorities receive non-ring-fenced payments for every home added to the council tax register.
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