Housing: Finance

Communities and Local Government written question – answered on 14th January 2010.

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Photo of Grant Shapps Grant Shapps Shadow Minister (Communities and Local Government) (Housing and Planning), Co-Chair, Conservative Party

To ask the Secretary of State for Communities and Local Government

(1) from which (a) funding stream and (b) annual budget the additional resources for new homes announced by the Minister of State for Housing on 30 December 2009 will come;

(2) what contractual conditions will apply to housing associations which obtain the funding announced by the Minister of State for Housing on 30 December 2009.

Photo of John Healey John Healey The Minister for Housing

The allocations announced on 30 December 2009 form part of the existing budget of the Homes and Communities Agency's National Affordable Housing Programme. As such, housing associations receiving allocations through this funding stream will be subject to the terms and conditions of grant set out by the HCA as part of their agreements with their investment partners. Information on these terms and conditions are contained within the Capital Funding Guide published on the HCA website.

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