Building Social Housing

Part of 1. Questions to the Cabinet Secretary for Finance, Constitution and Cabinet Office – in the Senedd at 1:35 pm on 19 June 2024.

Alert me about debates like this

Photo of Rebecca Evans Rebecca Evans Labour 1:35, 19 June 2024

So, this would be a matter for my colleague the Minister for housing. She would have more access to the particular detail that you require. But I think the point that you made about land for housing was very pertinent. In 2023-24, loans of nearly £40 million were awarded to RSLs, and they'll be able then to facilitate the delivery of up to 2,254 homes, of which 82 per cent will be affordable homes. And a total of £89 million has been invested in our land for housing scheme since its inception in 2014-15. That funding is recycled when the loans are repaid, to provide for new loans. To date, £287 million of loans have been made, which facilitate the delivery of up to 8,000 new homes, of which 81 per cent will be affordable. And crucially, to date, interest charged on the loans for affordable housing has been at 0 per cent, with a commercial rate charged for the market housing unit. So, as I say, we are trying to find innovative ways to support the housing sector, and I think I've given a couple of examples of those, which are being led by my colleague the Cabinet Secretary for housing, this afternoon.