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Affordable Housing: Capital Investment

Question for Department for Communities and Local Government

UIN HL3369, tabled on 21 November 2016

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.

Answered on

30 November 2016

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.