National Housing Bank ‘Will Boost Delivery of New Homes’
- The government announced the creation of a publicly owned National Housing Bank to accelerate homebuilding across the UK using loans, guarantees, and investments.
- The bank addresses requests from the housing sector and local officials to broaden public and private financing options and accelerate the approval process for projects.
- Supported by £22 billion in government finance and £2.5 billion in low-interest loans, the bank aims to unlock over 500,000 new homes and support SMEs and larger developers.
- A Royal Institution of Chartered Surveyors spokesperson called the bank an "exciting innovation" likely to boost investment, while critics urged it remain laser-focused and avoid crowding out private capital.
- Separately, the Nottawasaga Valley Conservation Authority and BILD launched a working group to improve collaboration with developers, aiming to support Ontario’s housing and economic goals sustainably.
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Government launches National Housing Bank to drive 500k new builds
·London, United Kingdom
Read Full ArticleNational Housing Bank is a missed opportunity for Shared Ownership
Government are launching a ‘National Housing Bank’ to provide more affordable homes. While experts have welcomed the idea, some have deemed it a fruitless attempt to address the housing crisis. Today (Wednesday 18th June) Labour have announced they are establishing a ‘National Housing Bank’ that is earmarked to deliver 500,000 new homes. A subsidiary of Homes England, the initiative is set to be publicly owned and backed by £16bn of financial ca…
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Leaning Left4Leaning Right1Center1Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 17%
R 17%
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