Call for Action: Investing in Social Housing Post-Chancellor's Announcement

The Executive is facing calls to ringfence future Barnett consequentials for the development of social housing after the Chancellor announced that the UK Government will invest £2bn in new social and affordable housing in England. Seizing the Opportunity Under Stormont's funding formula, Northern Ireland will receive additional money through the Barnett formula due to the announcement. Seamus Leheny, Chief Executive of the Northern Ireland Federation of Housing Associations, has emphasized the need for the Executive to ring-fence all consequential funding for constructing more social homes. Commitment to Action Expressing the importance of the funding in addressing housing challenges, he stated the necessity of directing the money towards a housing program to tackle the growing waiting list and housing issues. Political Response Mark H Durkin expressed the urgency in establishing the Barnett Consequential for Northern Ireland to ensure that the additional funding is appropriately utilized for building much-needed social and affordable housing. Addressing the Crisis While acknowledging that the funding may not solve all issues, the emphasis is on its significant impact when allocated for constructing homes for families in need. For more news updates, visit the latest headlines and subscribe to our newsletter.