Recently, the government briefed journalists that the
£2bn could pay for 25,000 social rented homes over five years. Now, a CLG
spokesperson has said this was just an estimate. The exact number will depend
on the bids that are submitted by councils and housing associations. The money
will likely fund a number of affordable rented homes and properties at other
tenures as well. Social rented homes require a higher subsidy than affordable
rented homes, so if a provider bids to build affordable rented homes they could
build more homes overall. The £2bn funding will be focused on “supporting
council housebuilding and housing associations in areas of greatest need”. Read
more on Inside Housing.
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