Community Land Trusts
The question
To ask the Secretary of State for Housing, Communities and Local Government, whether her Department plans to allocate fines to housebuilders from the Competition and Markets Authority to support the community land trust sector.
Answered by Matthew Pennycook
Seven housebuilders have agreed to pay a total of £100 million to affordable housing programmes across all four nations of the UK following a CMA investigation in response to concerns that they exchanged details about sales including pricing, number of property viewings and incentives offered to buyers.
The CMA is currently undertaking a consultation on how the money may be used. That consultation closes 24 July. Decisions on how the money is allocated will be made after the responses to the consultation have been analysed.
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