Question to the Ministry of Housing, Communities and Local Government:

To ask His Majesty's Government whether they will publish the criteria and decision-making framework used by the National Housing Bank to assess applications for funding, and how they will ensure transparency in the allocation of public investment.

Answered by Baroness Taylor of Stevenage - Baroness in Waiting (HM Household) (Whip)

I refer the noble Lady to the Written Statement UIN HCWS712 which sets out that the National Housing Bank will be established as a new subsidiary under Homes England because we believe this is a good first step to ensure strategic coherence in our housing investment activities to deliver our ambitions, and build on its impressive track record.

The investment criteria and detailed investment strategy for the Bank – which will form a key part of Homes England’s overall strategy – will be jointly agreed by my Department, Homes England and HM Treasury and will be published in due course. Furthermore, we have already committed to providing the National Housing Bank with £2.5 billion to issue low interest loans to housing associations to deliver social housing, which means the homes built through this intervention will be genuinely affordable. We will share further details on operational costs and investment profile of the National Housing Bank and the number of additional homes it is estimated to deliver in due course.

Question to the Ministry of Housing, Communities and Local Government:

To ask His Majesty's Government what plans they have to coordinate the activities of the National Housing Bank with those of Home England to avoid duplication and to ensure strategic coherence.

Answered by Baroness Taylor of Stevenage - Baroness in Waiting (HM Household) (Whip)

I refer the noble Lady to the Written Statement UIN HCWS712 which sets out that the National Housing Bank will be established as a new subsidiary under Homes England because we believe this is a good first step to ensure strategic coherence in our housing investment activities to deliver our ambitions, and build on its impressive track record.

The investment criteria and detailed investment strategy for the Bank – which will form a key part of Homes England’s overall strategy – will be jointly agreed by my Department, Homes England and HM Treasury and will be published in due course. Furthermore, we have already committed to providing the National Housing Bank with £2.5 billion to issue low interest loans to housing associations to deliver social housing, which means the homes built through this intervention will be genuinely affordable. We will share further details on operational costs and investment profile of the National Housing Bank and the number of additional homes it is estimated to deliver in due course.

Question to the Ministry of Housing, Communities and Local Government:

To ask His Majesty's Government what steps they are taking to ensure that housing developments supported by the National Housing Bank will deliver homes that are genuinely affordable.

Answered by Baroness Taylor of Stevenage - Baroness in Waiting (HM Household) (Whip)

I refer the noble Lady to the Written Statement UIN HCWS712 which sets out that the National Housing Bank will be established as a new subsidiary under Homes England because we believe this is a good first step to ensure strategic coherence in our housing investment activities to deliver our ambitions, and build on its impressive track record.

The investment criteria and detailed investment strategy for the Bank – which will form a key part of Homes England’s overall strategy – will be jointly agreed by my Department, Homes England and HM Treasury and will be published in due course. Furthermore, we have already committed to providing the National Housing Bank with £2.5 billion to issue low interest loans to housing associations to deliver social housing, which means the homes built through this intervention will be genuinely affordable. We will share further details on operational costs and investment profile of the National Housing Bank and the number of additional homes it is estimated to deliver in due course.

Question to the Ministry of Housing, Communities and Local Government:

To ask His Majesty's Government how much of the total public funding allocated to the National Housing Bank will be (1) used for administrative and operational costs, and (2) made available directly for housing development.

Answered by Baroness Taylor of Stevenage - Baroness in Waiting (HM Household) (Whip)

I refer the noble Lady to the Written Statement UIN HCWS712 which sets out that the National Housing Bank will be established as a new subsidiary under Homes England because we believe this is a good first step to ensure strategic coherence in our housing investment activities to deliver our ambitions, and build on its impressive track record.

The investment criteria and detailed investment strategy for the Bank – which will form a key part of Homes England’s overall strategy – will be jointly agreed by my Department, Homes England and HM Treasury and will be published in due course. Furthermore, we have already committed to providing the National Housing Bank with £2.5 billion to issue low interest loans to housing associations to deliver social housing, which means the homes built through this intervention will be genuinely affordable. We will share further details on operational costs and investment profile of the National Housing Bank and the number of additional homes it is estimated to deliver in due course.

Question to the Ministry of Housing, Communities and Local Government:

To ask His Majesty's Government what estimate they have made of the number of additional homes that will exist solely as a consequence of the National Housing Bank.

Answered by Baroness Taylor of Stevenage - Baroness in Waiting (HM Household) (Whip)

I refer the noble Lady to the Written Statement UIN HCWS712 which sets out that the National Housing Bank will be established as a new subsidiary under Homes England because we believe this is a good first step to ensure strategic coherence in our housing investment activities to deliver our ambitions, and build on its impressive track record.

The investment criteria and detailed investment strategy for the Bank – which will form a key part of Homes England’s overall strategy – will be jointly agreed by my Department, Homes England and HM Treasury and will be published in due course. Furthermore, we have already committed to providing the National Housing Bank with £2.5 billion to issue low interest loans to housing associations to deliver social housing, which means the homes built through this intervention will be genuinely affordable. We will share further details on operational costs and investment profile of the National Housing Bank and the number of additional homes it is estimated to deliver in due course.

Found: BARONESS SCOTT OF BYBROOK LORD JAMIESON _ Clause 5, page 9, leave out line 10 Member's explanatory

Found: LORD KEEN OF ELIE THE EARL OF KINNOULL BARONESS SCOTT OF BYBROOK 87_ Clause 41, page 58, line 4, leave

Found: BARONESS SCOTT OF BYBROOK LORD JAMIESON _ Clause 5, page 9, leave out line 10 Member's explanatory

Found: BARONESS SCOTT OF BYBROOK LORD JAMIESON ★_ Clause 5, page 9, leave out line 10 Member's explanatory

Found: After Clause 16 BARONESS SCOTT OF BYBROOK LORD JAMIESON 60_ After Clause 16, insert the following