Contributors
After the Chancellor's Spending Review on 11 June, Julia Thomson, partner at Womble Bond Dickinson, said:
"The Chancellor's announcement that the government will invest £39 billion in affordable and social housing is certainly welcome news. Crucially, the new Affordable Homes Programme will enable providers to commit to development, thus fostering growth in the housing sector and bolstering housebuilding and the economy in general.
"News that the sector also secured a 10-year, CPI plus 1% rent settlement, a consultation on rent convergence and equal access to building safety remediation funding will further support growth and allow for more robust business planning, improving credit ratings, borrowing terms, and permitting further investment."
Want more insights on the Build-to-Rent sector? From sustainability to funding strategies, get the full picture in our report here.
