A £400m fund announced by Theresa May to pay for replacing combustible cladding on up to 158 social housing high-rise buildings following the Grenfell Tower fire, means fewer affordable homes will be built in the coming years, it has emerged.
The government has admitted that the funds for the renovations are being taken from the Affordable Homes Programme.
Neither May nor the secretary of state for housing, James Brokenshire, mentioned that the money was coming from that budget when they announced the bailout last week, triggering widespread relief in the housing sector.
