Affordable Housing Guarantee Scheme opens for applications

On 20 June 2013, Housing Minister, Mark Prisk, announced, in a written ministerial statement, that the Affordable Housing Guarantee Scheme had opened for applications.

The government is making an initial £3.5bn available through Affordable Housing Finance (a newly formed subsidiary of the Housing Finance Corporation (THFC)). It will act as an aggregator of potential finance from the open market, and then offer loans to interested Registered Providers, backed by the government guarantee.