Affordable Housing
(asked on 17th January 2017) - View Source
Question to the Ministry of Housing, Communities and Local Government:
To ask the Secretary of State for Communities and Local Government, what assessment his Department made of the potential merits of funding homes for social rent in advance of the publication of the Shared Ownership and Affordable Homes Programme 2016 to 2021: Addendum to the Prospectus, published in January 2017; and if he will place in the Library a copy of the modelling, workings and data on which that assessment was based.
The assessment of the changes to affordable housing funding, including the availability of the funding for affordable homes for rent, was carried out as part of the Autumn Statement process. The fiscal impact of the changes on public finances was included as part of the OBR’s policy costings for Autumn Statement 2016 which can be found at:
Affordable Rent was introduced in 2011 to maximise taxpayers’ money, providing more homes for every pound of Government investment, so more people in housing need can have access to a good quality home at a sub-market rent. An Impact Assessment was carried out when the policy was introduced, and is publicly available at:
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/6021/1918816.pdf