NHC submits representation to HM Treasury
In the run up to the Chancellor’s Spring Budget on 6th March 2024, the Northern Housing Consortium submitted its Budget representation.
Our submission focused on:
- Funding certainty for future affordable housing development, including the need for the government to lay out a post-2026 Affordable Homes Programme with increased grant rates for building new homes.
- Ensuring that support for private renters on low incomes remains sufficient in the future by continuing to link Local Housing Allowance rates to the 30th percentile of local market rents in perpetuity.
- Investment for decarbonising our housing stock, including further information about the future of the Social Housing Decarbonisation Fund, a long-term commitment of £6 billion a year across all tenures, and a comprehensive plan to improve energy efficiency in the private rental sector.
- Establishing a new Decent Homes Standard with additional funds to support expanded home improvement programmes and enforcement capacities within local authorities, for when the Standard is applied to the private rental sector for the first time.
- Reforming housing-related funding streams to empower Mayoral Combined Authorities to deliver on their locally identified priorities, including giving more flexibility on timelines and value-for-money appraisals.
You can read the full submission here.
Look out for the NHC’s On-The-Day Briefing of the Spring Budget on 6th March 2024.
