Housing: Finance

(asked on 24th April 2018) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Housing, Communities and Local Government, pursuant to the Answer of 22 March to Question 132182 on Housing: Finance, what assessment he has made of the adequacy of the bidding process for local authorities councils to be allocate housing-related funding.


Answered by
Dominic Raab Portrait
Dominic Raab
This question was answered on 1st May 2018

The Government is investing over £9 billion in the Affordable Homes Programme 2016-21, to support councils and housing associations to deliver genuinely affordable homes where they are needed most.

We have confirmed long-term rent certainty for social landlords in England and announced that we will be providing councils with £1 billion of additional borrowing to deliver homes where demand is greatest. These measures, and the additional Affordable Homes Programme funding, will support local authorities to deliver a new generation of council house building.

The programme is flexible and sets no ring-fences on particular forms of tenure, so providers can bid into the programme to develop a wide range of homes to meet the housing needs of a range of people in different circumstances and housing markets – building the right homes in the right places.

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