Affordable Housing

(asked on 12th October 2017) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Communities and Local Government, what steps he is taking to encourage private institutional investment in (a) affordable rent-to-buy schemes and (b) other affordable home ownership products.


Answered by
Alok Sharma Portrait
Alok Sharma
COP26 President (Cabinet Office)
This question was answered on 17th October 2017

We continue to actively engage with and meet a range of organisations from the commercial sector and institutional investors who may have an interest in supporting delivery through the Affordable Homes Programme, which includes Rent to Buy and Shared Ownership.

The Affordable Homes Programme, through which we have delivered 333,000 new affordable homes since 2010, has been opened up to enable private developers to deliver Shared Ownership.

We have also set out a long term rent deal for social landlords in England, where increases will be limited to CPI + 1 per cent for 5 years from 2020. This will enable these providers the certainty they need to leverage in more private finance to build more homes across all tenures, including for home ownership.

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