PM pledges support to the social housing sector
Last week, the Prime Minister addressed the National Housing Federation Summit in London, pledging to release an extra £2billion for housing association over the next decade to help them lead housing development schemes. Theresa May said the new funding would give housing associations the long-term certainty they need to deliver tens of thousands of new affordable and social homes ensuring that “longer-term partnerships will be opened up to the most ambitious housing associations through a ground-breaking £2bn initiative.”
Importantly, however, her speech also marked a clear step change in support for the wider work that housing associations do – building communities, providing homes, and delivering much needed services to those in need.
Her speech referenced a local provider in her Maidenhead constituency who had provided a single mother with a home, training and support – enabling her to start her own business. That business is so successful she has been able to move from a social rented home into shared ownership, getting that vital first foot on the property ladder for her family.
Managing Director of Give us a Chance, Lynsey Sweeney commented “These new financial commitments mark a turning point for the support that the Government has towards Housing associations, and provides a commitment to fund the vital work that providers do to build new homes across the country. Still more needs to be done to show support for the wider services that housing providers lead – including the vital work to help people into work and long term employment. Our close ties with communities and residents through our social housing membership means that GUAC are best placed to help Government target services to improve life chances for social housing residents