JV North warns of housebuilding slowdown without Affordable Homes Programme funding certainty

JV North, a consortium of housing associations, is warning that housebuilding will slow unless funding certainty is given beyond the current Affordable Homes Programme end date.

With less than two years left of the 2021/26 Affordable Homes Programme, JV North says developments of over 50 homes or those that take longer than 12 months are now at risk.

With no announcement made in last month’s Budget, JV North says funding certainty is vital for board approval at a time when financial viability is under heavy scrutiny.

JV North chair, John Bowker, said: “If we do not receive news of the next Affordable Homes Programme soon, there is a danger we will have a fallow period where housebuilding stalls.

“The current programme runs to the end of March 2026 and while circa two years away, it is just around the corner in housebuilding construction terms.

“Larger developments start to become questionable due to the length of time they take to build coupled with not knowing if the remaining funding will be available when they complete.

“Without certainty, housing association boards will be nervous about approving schemes and it could cause a slowdown in delivery – something the country can ill afford.

“There is an urgency now for the sector to receive confirmation the Affordable Homes Programme will be extended, the length of the new term and details of the size of the fund available.”

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