Affordable Housing: Finance
The question
To ask the Secretary of State for Housing, Communities and Local Government, whether (a) her Department and (b) Homes England award affordable housing funding based on the Affordable Rent model.
Answered by Matthew Pennycook
The Department delegates delivery of the Affordable Homes Programme to Homes England outside London and to the Greater London Authority (GLA) in London. The government agrees budgets and targets with both agencies to deliver the programme’s overall targets for additional affordable homes.
Homes England has a published Capital Funding Guide which sets out the procedures and conditions which must be followed by providers progressing schemes for rent, including Affordable Rent and Social Rent. Detail on this can be found on gov.uk here.
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