Mayoral candidate pledges to invest in affordable homes
on September 13, 2016, posted in Greater Manchester categories
Following his selection as Labour’s candidate for the Greater Manchester Mayoral election taking place in 2017, Andy Burnham has begun to set out the policy platform on which he will campaign. Front and centre are his plans to re-negotiate the terms of the devolved £300m housing fund for Manchester to invest in building affordable homes to rent. In an exclusive article for Inside Housing, he calls for local authorities to have the power to buy and improve privately rented properties which do not meet the Decent Homes Standard and the creation of private landlord licensing schemes across all 10 Greater Manchester boroughs. The Greater Manchester Housing Fund is currently set up to help residential developers finance projects in the region, but Andy Burnham argues that it has been used to “provide loans to large companies, which should have used their own finance instead.” He has instead made a pledge to ensure that the fund will be used to “provide loans and guarantees to our councils and housing associations… to build the affordable homes for rent that we desperately need”.