Housing: Construction:Written question - 68263

Q
Asked by David Simpson
(Upper Bann)
Asked on: 16 March 2017
Department for Communities and Local Government
Housing: Construction
Commons
To ask the Secretary of State for Communities and Local Government, what criteria will determine allocation of the £1 billion being made available for short-term loans under the Home Building Fund.
A
Answered by: Gavin Barwell
Answered on: 23 March 2017

The criteria for allocating the £1 billion of short-term loan finance available through the Home Building Fund is available in the fund prospectus which can be found here:

https://www.gov.uk/government/publications/home-building-fund/an-introduction-to-the-home-building-fund.

As housing is a devolved matter, the Fund is only available in England. However, £176.4 million was made available for Northern Ireland through Barnett consequentials as a result of the £3 billion Short and Long Term Home Building Fund allocations for the UK.

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