The G15 responds to Chancellor’s Spring Statement

The Chancellor, Phillip Hammond delivered his Spring Statement on 13 March and announced £3bn of guarantees for housing associations delivering new homes.

Responding to the announcement, Paul Hackett, chair of the G15 and chief executive of Optivo housing association, said:

“Brexit uncertainty and the deepening UK housing crisis underlines the need for longer-term funding for affordable housing."

“The new funds announced today for the affordable homes guarantee programme are welcome, but our sector’s cross-subsidy model of delivering affordable housing is broken and a new funding deal is imperative if the Government wants to hit its target of 300,000 new homes a year.”

“The Government must invest in this essential infrastructure to give the country the high-quality, genuinely affordable homes it needs.”