Question to the Department for Levelling Up, Housing & Communities:
To ask His Majesty's Government what measures they are implementing to support housing associations to build affordable homes, following reports that high private sector debt costs are affecting development plans.
Our £11.5 billion Affordable Homes Programme for 2021-26 will provide tens of thousands of homes across the country. These include homes for rent, for low cost home ownership, and specialist and supported housing.
The Government recognises that in recent years the housing sector has experienced an increase in the cost of borrowing and materials due to wider economic pressures. The Government continuously works with its delivery agencies to ensure that the Programme is delivering effectively in light of these economic challenges.