Bjorn Howard, group CEO of Aster Group, said:

“The new £3bn fund is a vitally needed sign of support for affordable housing. Having the right mix of homes in the market is crucial to meeting the needs of those people who are most acutely affected by the housing crisis. The government has acknowledged that and the investment announced in the Spring Statement should help fuel affordable alternatives to expensive private rent and traditional ownership.

“It was also positive to see the government recognise the need to unlock land in areas of the south of England like Didcot through the £717m housing infrastructure fund. 

“Housing associations will continue to play an important role in building more homes and we look forward to hearing more detail on how this affordable housing fund will be delivered.”