Affordable Housing: Capital Investment

Department for Communities and Local Government written question – answered on 30th November 2016.

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Photo of Lord Horam Lord Horam Conservative

To ask Her Majesty’s Government what assessment they have made of the impact of increasing the ways in which public funding may be obtained under the Shared Ownership and Affordable Homes Programme, particularly with regard to (1) the number of additional new homes that could be built, (2) the speed of delivery of new homes, and (3) the ability of housing associations to innovate and deliver new products.

Photo of Lord Bourne of Aberystwyth Lord Bourne of Aberystwyth The Parliamentary Under-Secretary of State for Communities and Local Government, The Parliamentary Under-Secretary of State for Wales

In the Autumn Statement the Chancellor announced a £1.4 billion expansion of the Shared Ownership and Affordable Homes Programme (SOAHP) 2016-21 and a relaxation of restrictions on tenure. This will help us deliver a further 40,000 housing starts by 2021 and as part of the largest housing programme by any government since the 1970’s. The expanded and more flexible programme will allow providers to have the agility to more quickly and effectively respond with the right products to local needs and markets.

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