A big drop in funding for rented housing …

A big drop in funding for rented housing

Also in January, the HCA announced that, backdated to 25th November (the date of the Comprehensive Spending Review) grant applications would no longer be accepted for affordable rented homes. Several Wessex-supported schemes have been caught by this announcement; schemes that had been worked-up to planning permission stage by CLTs and where HA-partners were ready to make grant applications. Supportive district councils have offered to help with funding of their own and HA-partners are making the most creative use of their resources to enable most schemes to continue, but some will need to be re-designed to include open market homes.

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The graph above shows the scale of the shift in resources from rent to home-ownership. Read more here.