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Housing Today
Trusted media brand of the Chartered Institute of Housing
Councils hoard £8bn of builder contributions meant for vital infrastructure, says HBF
Local authorities hit hard by the housing crisis are sitting on the highest sums of affordable home funding
Over £8bn of infrastructure payments made by developers remains unspent by local authorities in England and Wales, according to the Home Builders Federation (HBF).
New research shows that over £6bn from Section 106 agreements and almost £2bn collected via the Community Infrastructure Levy has not been invested in local services such as new social housing, education facilities, GP surgeries, parks and transport upgrades.
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