House of Commons · Written Ministerial Statement
Affordable Homes Guarantee Scheme 2020
22 July 2020 · Ministry of Housing, Communities and Local Government
Proposed by Christopher Pincher Con Tamworth
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- The Affordable Homes Guarantee Scheme is a 3bn initiative under the Infrastructure (Financial Assistance) Act 2012.
- The scheme will involve raising capital from bond market investors and on-lending it to Registered Providers of affordable housing in England.
- The Government plans to award the contract and operationalize the scheme by the end of the year.
Issue summary
The statement outlines details of a new £3bn Affordable Homes Guarantee Scheme set to be implemented under the Infrastructure (Financial Assistance) Act 2012.
Action requested
A contingent liability is being incurred for the scheme, which will involve raising capital from bond market investors and on-lending it to Registered Providers of affordable housing in England. The Government plans to award the contract within weeks and have the scheme operational by year-end.
Key facts
- £3bn Affordable Homes Guarantee Scheme announced at Spring Statement 2019.
- Delivery partner appointed through a fair, open, and competitive procurement process.
- Contract expected to be awarded over the coming weeks.
- Scheme to be open for business by end of year.