Chancellor

Spring Statement is not enough to close social rent gap

paragraphs
Chancellor Philip Hammond, who announced the Spring Statement

by Victoria Galligan, Housing Association Magazine editor

Chancellor Philip Hammond’s affordable housing guarantee scheme means that housing associations can borrow up to £3billion to deliver 30,000 new affordable homes in England.

This is not additional funding, but merely the OK for HAs to borrow more money.

And it is not enough to provide the number of social rent properties which are so desperately needed.

Tags
Spring Statement
Housing Association
Chancellor
social housing
affordable homes
Categories
Articles
Subscribe to Chancellor