Announcement of new Government funding for affordable housing

Following the announcement from the Government of £2bn of new funding for affordable housing, David Orr, Chief Executive of the National Housing Federation, said:

18 September 2018

“The announcement of £2bn of new money for social housing is extremely welcome – but the really big news here is the Prime Minister’s long-term commitment to funding new affordable homes. This represents a total step change. For years, the way that money was allocated meant housing associations couldn’t be sure of long-term funding to build much-needed affordable housing.

“Now, by changing the way in which they allocate funding, ministers have given long-term confidence and confirmed that we are trusted partners in solving the housing crisis, building new homes and communities.

“Ultimately, this will have a huge impact on building the affordable homes that thousands of people across the country desperately need.”