{"id":49832,"date":"2014-11-06T16:02:29","date_gmt":"2014-11-06T16:02:29","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=bdd56a5dabb5ba6464e02435043519a3"},"modified":"2014-11-06T16:02:29","modified_gmt":"2014-11-06T16:02:29","slug":"press-release-affordable-housing-debt-guarantees-pass-1-billion-mark","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=49832","title":{"rendered":"Press release: Affordable housing debt guarantees pass \u00a31 billion mark"},"content":{"rendered":"
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More than \u00a31 billion has been unlocked from the market to build new affordable homes thanks to the government\u2019s strong economic record, Housing Minister Brandon Lewis said today (6 November 2014).<\/p>\n

The minister said this new milestone highlighted how \u201cThe government is delivering on its promise to do everything possible to get the new homes built to help hard working families with their housing needs.\u201d <\/p>\n

Speaking to the Northern Housing Consortium in Leeds today, Mr Lewis said the \u00a31 billion in housing guarantees approved to date would help build more than 9,000 new affordable homes across the UK \u2013 in addition to the 200,000 affordable homes the government has provided in England since 2010.<\/p>\n

Housing Minister Brandon Lewis said:<\/p>\n

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Since 2010 this government has put in place a long-term economic plan that is cutting the national deficit, supporting people back into work and keeping interest rates down to help people with their mortgages.<\/p>\n

Our affordable housing guarantee scheme is a prime example of the benefits that brings: the government\u2019s strong economic record unlocking more than \u00a31 billion for sensible borrowing at rates well below the market average.<\/p>\n

This funding is helping to build 9,000 homes across the UK, on top of the 200,000 affordable homes already built since 2010.<\/p>\n<\/blockquote>\n

The system of guarantees allows housing associations to borrow money for new affordable housing at very competitive rates, underpinned by the government as a debt guarantor. The total fund is worth \u00a33.5 billion UK-wide. <\/p>\n

Under the debt guarantee scheme 25 providers have started or will soon be starting developments:<\/p>\n


\n List of providers<\/a>
\n (MS Excel Spreadsheet<\/span>, 63KB<\/span>)
\n<\/span><\/p>\n

A further \u00a323 billion public and private investment will provide 165,000 additional affordable homes in England in 2015 to 2018. <\/p>\n

The Affordable Housing Guarantee Scheme is one of a range of measures the government has taken that have got Britain building.<\/p>\n

They include:<\/p>\n