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To ask Her Majesty’s Government where the £1.8 billion of extra spending by Housing Associations from sources other than central government is coming from.
The £1.8 billion is the amount of additional investment that housing associations will need to take, from lenders and through cross subsidy across schemes, in order to deliver the much needed affordable homes. As housing associations are currently classified as public corporations this investment also counts towards the fiscal aggregates.
We are taking action to enable the Office for National Statistics to reclassify housing associations to the private sector.