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CPRE questions Government’s funding for housing associations

CPRE questions Government’s funding for housing associations

The Campaign to Protect Rural England (CPRE) welcomes the Government’s commitment to provide more long term funding for housing associations. However, it questions whether rural communities will receive their fair share, and whether the spending announced today will actually represent an increase in funding for social housing in real terms after 2021.

Theresa May will announce later today (19 September), at the National Housing Federation Summit, that £2 billion of ‘new money’ will be made available to housing associations up to 2028/29 for the building of social homes and to help ease the housing crisis.

However, it is not yet clear where these funds will come from, as no breakdown of the figures has been shared and the budget for this period is yet to be drawn up. CPRE is concerned that despite warm words there is no guarantee that this money will actually represent an increase in funding.

Homes England’s affordable homes programme has had a budget of £9 billion for the five-year period up to 2021 and it is crucial that the money announced today will not mean a reduction funding for this programme.

Lois Lane, Research and Policy Advisor at the Campaign to Protect Rural England, said:

‘While we fully support a commitment to long-term funding and the certainty that this will provide to housing associations, the Prime Minister’s reference to ‘new money’ only tells part of the story. Just because the £2 billion announced today is new does not mean it represents an increase in funding in any meaningful way.

‘We need more clarity on how these funds will be shared out between housing associations, and firm assurances that rural housing associations will receive their fair share. Rural communities are feeling the effects of the housing crisis just as acutely as cities, and without properly proportioned funding for rural areas, they risk being left behind.’

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