MHCLG Tenders For Partner On Potential £6bn Affordable Homes Guarantee Scheme

The Ministry of Housing, Communities and Local Government (MHCLG) is tendering for a delivery partner contract to deliver a potential £6bn Affordable Homes Guarantee Scheme, scheduled to get under way next year. The new Affordable Homes Guarantee Scheme requires a delivery partner to raise £3bn of capital from investors, with a potential further £3bn top-up “at the guarantor’s sole discretion”. It will then on-lend the funds to both not-for-profit and for-profit registered providers and manage the loan portfolio over the lifetime of the borrowings, which is expected to be 39 years. Read more on the Social Housing website.

https://www.socialhousing.co.uk/news/mhclg-tenders-for-partner-on-potential-6bn-affordable-homes-guarantee-scheme-64319?utm_source=Housing60&utm_medium=email&utm_content=article_link&utm_campaign=H60