Housing Finance Grant - Wales

The Welsh Finance and Government Business Minister, Jane Hutt, has allocated £5.8m from the government's 2014/2015 Supplementary Budget to build more homes for rent in the social housing sector.

It had already made £4m a year available to assist 19 Registered Social Landlords with the repayment of this finance over the next 30 year period.

In that phase, with a £130 million boost with M&G and Affordable Housing Finance, funding was secured to finance the development of 70 projects delivering affordable housing across Wales, including extra care housing for older people.

A second phase is expected to begin in 2017-18.