A new report from Savills says housing associations (HAs)
have the financial capacity to more than double their output and bring forward
44,000 extra new homes by 2029 through additional asset-backed borrowing. Some
form of subsidy is critical to deliver these homes across a range of tenures
and to achieve affordability. In the absence of grant, HAs would need to secure
land at zero or low value to deliver shared ownership or affordable rent
housing. Almost half of the additional financial capacity to become a new class
of home builder rests with large scale voluntary transfer (LSVT) associations,
particularly larger ones. Download the report from the Savills website.
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