Confusion over £10 Billion Government Guarantees

The HCA has called for clarity over how social landlords can use the £10 billion of government guarantees announced recently.  The social housing regulator is concerned that some housing associations are mistakenly planning to use the government’s commitment to underwrite borrowing to fund existing development plans or refinance more expensive debt already on their books.  HCA sources have said the regulator is worried that landlords may wait for the guarantees to be available before raising money for development programmes that are already in place.  The CLG has so far been unable or unwilling to clarify the position. Read more on Inside Housing.