Welsh Government to invest more in social housing
It has been announced that the Welsh Government will invest an extra £175m in housing, taking their total budget investment in 2020 to £400m.
£48m of this extra money will go towards funding 20,000 affordable homes between 2016-21 and hatch. are pleased that this will continue the momentum towards easing the housing crisis.
Llywodraeth Cymru is working in partnership with the Development Bank of Wales to develop a number of initiatives to support the housing agenda, with financial transactions capital funding of £10m in 2020-21 to speed delivery of additional modular social homes.
The draft budget has the Housing Loans programme allocating financial transactions capital funding of £50m in 2020-21 to assist RSL’s (registered social landlords) with funding development plans for new social housing and to help decarbonise existing homes.
Gerard Walsh, Chief Executive of hatch., said “We are delighted to be assisting the Welsh Government with development plans at such a critical time. This extra funding for social housing will provide a huge boost to help build genuinely affordable homes for the people of Wales.”
Please watch this space for more updates.
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