Part of Oral Answers to Questions — Treasury – in the House of Commons at 11:30 am on 6 November 2012.
Danny Alexander
The Chief Secretary to the Treasury
11:30,
6 November 2012
I want to see more affordable homes built. That is why this Government are the first Government to put in place Government guarantees for housing associations; that was never done by our predecessors. The Infrastructure (Financial Assistance) Act 2012, which received Royal Assent last week, will enable housing associations to benefit from £10 billion of Government guarantees, lowering their cost of finance and enabling them to build more homes. That has been widely welcomed in the housing association sector, including by the National Housing Federation. I think the hon. Lady should welcome it, too.