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David Cameron’s flagship £570million scheme to tackle Britain’s housing crisis has built fewer than 50 affordable homes, damning figures reveal.

The Prime Minister claimed two years ago that his “Get Britain Building” project would see 16,000 new homes built and tens of thousands of new jobs created.

But of just 715 new properties which have been built so far, only 47 are affordable family homes .

Labour said it was a disgrace that just 7% of homes under the scheme were affordable.

Shadow Housing Minister Emma Reynolds said: “While this government presides over the lowest level of house building in peacetime since the 1920s, many low to middle income families are finding an affordable home is ­increasingly out of reach.”

The scheme’s failure comes despite ministers hiking its funding from £400million to £570million since it was first announced.

Ms Reynolds added: “David Cameron has broken his promise to get Britain building.

"It is astonishing that after announcing £400m to deliver 16,000 homes and then re-announcing the same scheme six months later with more money, no additional homes will be built as a result and only 7% will be affordable.

(Image: PA)

“Labour is clear that you can’t deal with the cost-of-living crisis without building more homes.

"That’s why Labour has committed to getting 200,000 homes a year built by 2020.”

The programme was first announced in November, 2011 with a promise of 16,000 homes and 30,000 jobs.

In March 2012, Mr Cameron announced an extra £150m would be pumped into the scheme.

The government insists another 11,000 houses have been started, but this is still 5,000 short of its target.

Tory MP Kris Hopkins said: “The scheme is on track and on course to deliver on its targets.”

He said that of the 11,000 “housing starts” under the scheme, 811 are affordable.

He added that “there will be more starts in due course” but admitted the government didn’t know how many jobs the scheme had created.