Housing Associations: Finance
The question
To ask the Secretary of State for Housing, Communities and Local Government, what recent assessment he has made of the financial pressures facing housing associations.
Answered by Matthew Pennycook
This government is committed to rebuilding the financial capacity of housing associations so they can borrow and invest in new and existing homes.
At the Spending Review, the government set out funding to provide a decade of certainty for housing associations. This included a new ten-year £39 billion Social and Affordable Homes Programme (SAHP) alongside a ten-year rent settlement that will permit social housing rents to increase by CPI+1% annually. In addition, we recently completed a focused consultation on how we will implement social rent convergence, ahead of a final decision to be announced at Autumn Budget.
The Government has also committed over £1 billion between 2026 and 2030 to support cladding remediation for social landlords, ensuring equal access to building safety funds, as well as £2.5 billion in low-interest loans which will be made available to support new affordable housing development.
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