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Affordable Homes Guarantee Scheme 2020
22 July 2020
Type
Written Ministerial Statement
Department
Ministry of Housing, Communities and Local Government
At a Glance
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.
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Assessment & feedback
Summary accuracy