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Written question asked by Lord Taylor of Warwick (Non-affiliated) on Tuesday, 7 May 2024, in the House of Lords. It was due for an answer on Tuesday, 21 May 2024. It was answered by Baroness Scott of Bybrook (Conservative) on Monday, 20 May 2024 on behalf of the Department for Levelling Up, Housing and Communities.


Affordable Housing: Construction

Question

To ask His Majesty's Government what measures they are implementing to support housing associations to build affordable homes, following reports that high private sector debt costs are affecting development plans.

Answer

Our £11.5 billion Affordable Homes Programme for 2021-26 will provide tens of thousands of homes across the country. These include homes for rent, for low cost home ownership, and specialist and supported housing.

The Government recognises that in recent years the housing sector has experienced an increase in the cost of borrowing and materials due to wider economic pressures. The Government continuously works with its delivery agencies to ensure that the Programme is delivering effectively in light of these economic challenges.


Secondary information

Type
Written question
Reference
HL4429
Session
2023-24
Subjects
Construction Affordable housing
Link
View this Written question on www.parliament.uk