Housing: Finance

Ministry of Housing, Communities and Local Government written question – answered on 1st May 2018.

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Photo of Wera Hobhouse Wera Hobhouse Liberal Democrat Spokesperson (Housing, Communities and Local Government)

To ask the Secretary of State for Housing, Communities and Local Government, pursuant to the Answer of 22 March to Question 132182 on Housing: Finance, what assessment he has made of the adequacy of the bidding process for local authorities councils to be allocate housing-related funding.

Photo of Dominic Raab Dominic Raab Minister of State (Housing, Communities and Local Government)

Holding answer received on 27 April 2018

The Government is investing over £9 billion in the Affordable Homes Programme 2016-21, to support councils and housing associations to deliver genuinely affordable homes where they are needed most.

We have confirmed long-term rent certainty for social landlords in England and announced that we will be providing councils with £1 billion of additional borrowing to deliver homes where demand is greatest. These measures, and the additional Affordable Homes Programme funding, will support local authorities to deliver a new generation of council house building.

The programme is flexible and sets no ring-fences on particular forms of tenure, so providers can bid into the programme to develop a wide range of homes to meet the housing needs of a range of people in different circumstances and housing markets – building the right homes in the right places.

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