PARLIAMENTARY WRITTEN QUESTION
(25 November 2024)

To ask the Secretary of State for Housing, Communities and Local Government, with reference to the written Ministerial Statement of 28 October 2024 on Social and Affordable Housing: Next Steps, HCWS169, whether the fund with Muse Places Limited and Pension Insurance Corporation is (a) grant funding, (b) a loan, (c) a financial guarantee or (d) a financial transaction.

Asked by:
David Simmonds (Conservative)

The government’s investment into a joint venture with Muse Places and Pension Insurance Corporation, publicly branded as Habiko, is an equity stake into an investment vehicle – which can be classified as a financial transaction – owned equally between PIC, Muse & Homes England.

Homes England's investment was funded through the Levelling Up Home Building Fund and this partnership plans to deliver 3,000 low-carbon, low-energy affordable homes.

Answered by:
()