Government to buy developers’ unsold units ‘in extreme situations’

New £2bn house-building fund to be used to 'guarantee' housing schemes

Sir Edward Lister, Chairman of the Homes & Communities Agency, has said the government will use its new £2bn Accelerated Construction Fund to “guarantee” property developers’ schemes by offering to buy-up unsold units. After a lot of excitement, Lister later clarified that such measures would only be used “in extreme situations”.

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