National Housing Bank
The question
To ask the Secretary of State for Housing, Communities and Local Government, further to her Department's press release of 17 June 2025 entitled Over 500,000 homes to be built through new National Housing Bank, what is her planned timetable for the financial guarantees be allocated; and over what period of time will the houses be constructed.
Answered by Matthew Pennycook
At the Spending Review, the government confirmed that it is establishing a new National Housing Bank, a subsidiary of Homes England which will be publicly owned and backed with £16 billion of financial capacity to accelerate housebuilding in England. Further detail can be found in the Written Ministerial Statement I made on 18 June 2025 (HCWS712).
My department is currently working with Homes England and HM Treasury to establish the Bank, including developing its investment strategy, and parameters for different debt interventions including financial guarantees. We we will announce further details in due course.
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