Developers have shunned a Treasury initiative to expand affordable housing funding to the private sector, it emerged in the Budget last week. Of the 81 successful bids for the Housing Corporation's pound;3.9bn investment programme for 2006/08, six are from private firms. Developers blamed an over-complex bidding process for the lack of reponse. The limited take-up by the private sector of the inaugural National Affordable Housing Programme looks likely to increase tensions between the corporation and the Treasury, which insisted that grants should be paid direct to developers.
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