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01/12/2016

Sargeant announces £30m for affordable homes

Words: Laura Edgar
Carl Sargeant | National Assembly for Wales

Communities secretary Carl Sargeant has announced that the Welsh Government will invest an additional £30 million this year towards providing 20,000 affordable homes.

Sargeant has also joined Community Housing Cymru and the Welsh Local Government Housing Association to sign a Housing Supply Delivery pact.

This, says the Welsh Government, underlines the importance of partnership working in delivering 20,000 affordable homes during this term of government.

In October, The Planner reported that an allocation of £1.16 billion over this government term would help Sargeant to “deliver a more ambitious housing agenda over the next five years”, including 20,000 affordable homes.

Sargeant said: “I want to strengthen the partnerships through which we can meet the new target as this will strongly influence our approach to housing supply over the next five years.

“We plan to invest over £1.5 billion in affordable homes during this term of government. Continued support for social housing is crucial. ‘Business as usual’ is not an option, but tried and tested schemes including the Social Housing Grant (SHG) Programme and Housing Finance Grant will play a key role in delivering affordable homes and assisting the most vulnerable to access and keep their housing.

“The original Social Housing Grant (SHG) Programme budget for this year was £68 million. The additional £30 million I am announcing today will take this programme’s budget to almost £100 million.”

He added that he wants the sector to support the development and delivery of new types of homes that meet not only current demands and needs, but also those of the future.

Image credit | National Assembly for Wales

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