Welsh government invests extra £55m to deliver more homes

The government had already announced an £81m uplift in capital funding for housing in this year’s budget through both the TACP and Social Housing Grant.

More than £275m has been invested through the TACP over the past three years, supporting the delivery of 2,700 more homes, 930 of which were void properties brought back into use.

Community Housing Cymru previously called for the TACP to be extended with a multi-year settlement, as it enables housing providers to scale up their acquisition programme and “think more broadly about reconfiguring existing stock”.

Jayne Bryant, cabinet secretary for housing and local government, said the TACP is “making a real difference to people’s lives” by supporting a range of projects that deliver “much-needed homes that are warm, comfortable and energy efficient”.

She continued: “This funding boost increases our TACP budget to £155m this year, helping us to bring forward even more housing solutions for those who need them most because everyone deserves a safe and quality place to call home.”

Landlord North Wales Housing recently secured a £20m loan for delivering new affordable homes on land acquired with the support of the TACP.