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Housing Today
Trusted media brand of the Chartered Institute of Housing
MHCLG to work with sector to design £2.5bn low cost loans over the summer
Loans could be deployed as part of an ‘amortising grant’ or ’repayable subsidy’ model proposed by Housing Today and the G15
The government has said it will work with the affordable housing sector on ‘designing’ and ‘deploying’ the £2.5bn of low-cost loans it promised at the spending review.
In a policy paper today called “Delivering a decade of renewal for social and affordable housing”, the Ministry for Housing, Communities and Local Government (MHCLG) said providers will be able to combine the loans with grant from the £39bn Social and Affordable Homes Programme (SAHP), lending from the Affordable Homes Guarantee Scheme, and Section 106 contributions to fund delivery.
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