RDA budget raided for housing rescue plan

Ben Willis, Regen.net, 3 September 2008

The Government is planning to use £300 million of the regional development agencies' budget over the next three years to fund part of its housing market rescue package.

The money will be used to fund Homebuy Direct, a new shared equity scheme aimed at helping up to 10,000 first-time buyers on to the property ladder. Homebuy direct will...

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