Stonewater cautiously welcomes Chancellor's affordable housing plans in Autumn Statement

"Stonewater welcomes the Chancellor’s plans to double annual capital spending on housing and free-up land supply to tackle the nation’s affordable housing crisis. We’re also cautiously pleased to see a more ‘flexible’ housing programme that responds to local market needs and we look forward to more details on this. It’s good to see the Government putting affordable housing at the centre of this Autumn Statement.

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Today’s additional £1.4bn funding boost to build 40,000 more affordable homes, coupled with the relaxation of restrictions on government grant, will enable social housing providers to boost housebuilding across a wider range of housing types to meet the needs of more people rather than just first time buyers. It’s also encouraging to see the Government recognising the vital role housing associations play in delivering the right mix of housing which people in different financial situations can realistically afford to buy or rent, in areas where they need them most.

This includes homes for low-cost rent enabling those who want to buy to save money, as well as affordable shared ownership, and good quality housing for the poorest and most vulnerable members of the communities we serve. Last year housing associations were responsible for almost a third of all new homes built in England, making a significant contribution to tackling the housing crisis and creating thousands of new jobs in the construction industry."

- Nicholas Harris, Chief Executive Designate, Stonewater