Further action to build the homes we need

Earlier this week the government announced two funds to prepare land for development and ensure schemes come forward with all the infrastructure in place.

Today further measures are being brought forward: the Prime Minister will announce a £2 billion long-term funding initiative – in partnership with housing associations – to help build the homes this country needs and to deliver social housing that people are proud to call their home.

Key facts:

  • Housing associations have a central role to play in building the homes we need and challenging the attitudes that hold us back. 
  • We are therefore opening up new longer-term partnerships to the most ambitious housing associations through a ground-breaking £2 billion initiative. 
  • Under the scheme, associations will be able to apply for funding stretching as far ahead as 2028-29 – the first time any government has offered housing associations such long-term certainty. 

Why this matters:

Housing associations can achieve things neither private developers nor local authorities are capable of doing. Our new initiative will give them the stability they need to get tens of thousands of affordable and social homes built, as we are committed to get more people on the housing ladder and make sure those who cannot afford their own place also have somewhere they are proud to call home.

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