No announcement was made today on the extension of the Community Housing Fund in HM Treasury’s Spending Review. However, one of the big items announced was the Levelling Up Fund of £4 billion, to be used by local areas to fund place-based infrastructure solutions communities want and support. This could create more opportunities for funding community led housing projects, which tick many of these boxes.
The Chancellor of the Exchequer, Rt Hon Rishi Sunak MP, also announced the departmental budget for the Ministry of Housing, Communities and Local Government (MHCLG). We will now be speaking with Ministers and officials at MHCLG to press the need for a portion of that allocation to be used to renew the Community Housing Fund.
Read the full details on budget allocations in this Spending Review here.
Catherine Harrington, Joint CEO of the National CLT Network, responds to the Spending Review:
“We welcome news of the £4bn Levelling up Fund for local and place-based infrastructure projects that command community support. Communities developing housing projects are doing just that and it is vital they can access this new fund.
“We are disappointed however that a decision to renew the Community Housing Fund outside of London, which has been closed to bids since December 2019, has still not been made by the Government. We fully recognise the acute pressure on Government and the need to prioritise keeping people in jobs. Renewing the Community Housing Fund can help. It will unlock the nearly 11,000 community led homes planned and ready to be delivered, support the economy to recover, give business to SME builders and deliver much-needed affordable homes.
“We will now make the case to the Ministry of Housing, Communities and Local Government for a portion of the Ministry’s budget to be spent on a renewed Community Housing Fund and for the Levelling up Fund to be made available to community led housing so communities can build the homes they want and need.”