The Welsh Assembly government is looking at new ways for housing associations to access private funding and unlock up to £200 million of capital, deputy housing minister Jocelyn Davies announced today.
Ms Davies said she was considering proposals, including Welsh Housing Bond and Local Authority mortgages, to secure resources for housing and make existing budgets “stretch further”.
She said: “The Welsh Assembly Government and the Principality Building Society have commissioned work on the development of a Welsh Housing Bond.
“A draft model will be ready shortly, and if it’s workable the intention is tosecure access to private capital of up to £200 million, to fund investment by Housing Associations using a range of funding sources including the European Investment Bank. “