Social and Affordable Homes Programme to 2036

Following the Government’s announcement of the Social and Affordable Homes Programme covered by an earlier update here, the Government has issued a letter to Councils.

It includes details of what is expected from local authorities but it withdraws the new low-interest loans scheme from Councils.

The Minister, Mathew Pennycook MP wrote “I appreciate fully that this news will come as a disappointment. However, having carefully considered the fiscal implications of extending the scheme to councils as well as to registered providers, we reluctantly arrived at the conclusion that it would not be possible.”