Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

CLG Committe announce housing finance enquiry

The Communities and Local Government Committee has announced plans to launch an inquiry into the financing of new housing supply.

The broad based enquiry will consider public and private sector, taking in mortgage finance, social and affordable housing while concentrating particularly on the government’s affordable rent policy and its reduction in grant funding.

It is now inviting written submissions to address the following issues:

  •          How and where the more limited capital and revenue public subsidy can best be applied to provide the biggest return on the investment, in housing supply terms;
  •          What the role is of state lending or investment, as opposed to grant funding, and the appropriate balance between them;
  •          What the role is of the public sector in providing support in kind—for example land or guarantees—as opposed to cash, and what the barriers are to this happening;
  •          How long-term private finance, especially from large financial institutions, could be brought into the private and social rented sectors, and what the barriers are to that happening;
  •          How housing associations and, potentially, ALMOs might be enabled to increase the amount of private finance going into housing supply;
  •          How the reform of the council Housing Revenue Account system might enable more funding to be made available for housing supply;
  •          How effective the Government’s ‘Affordable Rent’ proposals are likely to be in increasing the funds available for new housing supply, and how sustainable this might be over the medium to long term.

Submissions are invited by 21 October and should be sent to and marked “New Housing”.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.