May’s New £2bn Funding Will Not Be Available Until 2022

The £2bn of funding for housing associations announced today by Theresa May will not be available until 2022, Homes England has said. The prime minister announced £2bn of funding for “long-term partnerships” with housing associations to build “tens of thousands” of affordable and social rent homes. A spokesperson for the government’s housing delivery agency said that the money will not be folded into the £9bn current Affordable Homes Programme, but will instead be available when that programme ends in March 2022. In Ms May’s speech, she will say that the funds could stretch through to 2028/29, suggesting that they will be part of a new six-year funding programme. Read more on Inside Housing.

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