Housing minister Gavin Barwell has pledged to deliver certainty over future rent policy ‘as quickly as possible’, in what marks the latest sign that the UK government sees housing associations and their investors as part of the solution to the country’s housing crisis.
Bidding opens for £1.4bn of new grant with another £1.3bn of existing funding available outside London, but ‘majority of expenditure’ to support home ownership products.
Housing minister Gavin Barwell has said providers will get total flexibility in their bids for grant funding - but veered away from support for social rent by stressing that government will be looking to maximise the supply it gets for its money.
A revised affordable homes programme will provide an extra £1.4bn of funding that can be used for a range of housing types including affordable rent, shared ownership and rent to buy, it was announced today.
Housing associations and private builders are being invited to bid for £4.7bn of grant funding in what marks a ‘decisive shift’ by government towards support for home ownership.