Housing Market

Oral Answers to Questions — Communities and Local Government – in the House of Commons at 12:00 am on 24th April 2017.

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Photo of Stephen Hammond Stephen Hammond Conservative, Wimbledon 12:00 am, 24th April 2017

What discussions he has had with the housing association sector on rent-setting policy post-2020 since the publication of “Fixing our broken housing market” on 7 February 2017.

Photo of Sajid Javid Sajid Javid The Secretary of State for Communities and Local Government

My Department regularly meets housing associations to discuss how we can help keep rents affordable and increase the supply of new homes. Our housing White Paper has been welcomed by the sector and we look forward to many more productive discussions in the coming years.

Photo of Stephen Hammond Stephen Hammond Conservative, Wimbledon

I thank my right hon. Friend for his answer. Indeed, the housing White Paper has been welcomed by housing associations. Does he agree that the future rent policy should not only guarantee affordability, but offer long-term certainty for housing associations, so that they do deliver the homes that we need?

Photo of Sajid Javid Sajid Javid The Secretary of State for Communities and Local Government

Yes, I do agree with my hon. Friend. It is an excellent point. Housing associations currently account for roughly a third of total housing supply, and we do want a situation in which they can borrow even more against that future income to build even more homes. That is something that it is in the housing White Paper, and we intend to build on it.