Oral Answers to Questions
Debate between Lord Stunell and Iain Stewart
Iain Stewart (Milton Keynes South) (Con)
11. How many bids to participate in the affordable rent scheme have been received to date.
The Parliamentary Under-Secretary of State for Communities and Local Government (Andrew Stunell)
We received offers from 197 providers for the affordable homes programme by the deadline of 3 May. On 14 July, we announced that, subject to contracts, 146 providers will deliver 80,000 new homes for affordable rent and affordable home ownership, with Government funding of just under £1.8 billion.
Iain Stewart
Nearly six months into this scheme, has my hon. Friend had an opportunity to assess what impact it might have on the provision of social housing in areas such as my constituency?
Andrew Stunell
I hope that my hon. Friend will be reassured to know that 15 of the 146 bids were for the Milton Keynes and Aylesbury Vale area. Ten of the bids were accepted, and nine have been signed up with the Homes and Communities Agency. Overall, the Government are committed to investing nearly £4.5 billion in new affordable housing, delivering 170,000 new affordable homes compared with the 150,000 originally estimated. That means we shall be increasing the supply during this Parliament rather than reducing it, as the previous Government did.