Wednesday, 8 January 2014

£500 Million Funding Deal To Deliver Over 4,000 Affordable Homes

Housing minister Kris Hopkins has welcomed a deal that will release £500 million additional funding to build new affordable homes across the country. The new investment, secured through an agreement with the European Investment Bank, will help deliver up to 4,300 new affordable homes to rent. The funding will form part of the £3.5 billion Affordable Housing Guarantees programme, which enables housing associations to use a government guarantee to secure private investment at more competitive rates than they would otherwise obtain. Read more on 24dash.

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