A government plan to create 200,000 new homes for first-time consumers has resulted in no homes being constructed, the National Audit Office has discovered.
Announced in 2014, “starter homes” have been meant to be geared toward these beneath the age of 40 and offered at a 20% low cost.
But laws to take the challenge ahead was by no means handed.
Labour referred to as the coverage a complete failure, but the government stated it had a “great track record” for home constructing.
Former prime minister David Cameron dedicated to the scheme in the 2015 Conservative Party manifesto as a manner of tackling the reasonably priced housing disaster.
The challenge was additionally presupposed to assist the broader development and regeneration of native areas, and a few city centres.
The homes have been meant to be constructed throughout the nation by the top of the last decade and greater than £2bn was put aside for the primary tranche of 60,000 dwellings.
According to the National Audit Office (NAO), between 2015-16 and 2017-18, the Ministry of Housing, Communities and Local Government (MHCLG) spent nearly £174m on buying and making ready websites initially meant for constructing starter homes.
These have been in locations equivalent to Plymouth, Bury, Basildon, Stockport, Bridgwater, Cinderford and Bristol.
But the spending watchdog stated the websites have been all now getting used for housing extra usually, solely a few of which was reasonably priced.
It stated the scheme had faltered as a result of the required laws and planning steerage had by no means been put by Parliament, regardless of expectations it might occur in 2019.
As a outcome, even new homes conforming to the meant specs can’t be marketed as starter homes, which has made getting builders on board difficult.
The NAO stated the government additionally now not had a funds devoted to the starter homes challenge.
Labour MP Meg Hillier, chairwoman of the Public Accounts Committee, stated: “Despite setting apart over £2bn to construct 60,000 new starter homes, none have been constructed.
“Since 2010 many housing programmes introduced with a lot fanfare have fallen away with cash then recycled into the subsequent announcement.
“The MHCLG needs to focus on delivery and not raise, and then dash, people’s expectations.”
John Healey, Labour’s shadow housing secretary, stated the Conservative Party had wasted 4 years and spent tens of millions of kilos.
“After nearly 10 years of Conservative failure on housing, the country needs a Labour government to fix the housing crisis.”
But a housing ministry spokeswoman stated home constructing was at its highest stage for all but one of many final 30 years.
“We have a great track record… with 222,000 homes delivered last year, and 1.3 million in total since 2010, including over 430,000 affordable homes.”
David O’Leary, coverage director at Home Builders Federation, stated that despite the fact that starter homes had not acquired off the bottom, the scheme had not been a complete failure.
He stated the engagement it had generated between native government, builders, mortgage lenders and valuers was constructive.
“The difficulty in creating a workable set of rules demonstrates the importance of ensuring that proper consideration is given to the practical implementation of interventions and their market impacts as early as possible.”