My Department regularly meets housing associations to discuss how we can help keep rents affordable and increase the supply of new homes. Our housing White Paper has been welcomed by the sector and we look forward to many more productive discussions in the coming years.
I thank my right hon. Friend for his answer. Indeed, the housing White Paper has been welcomed by housing associations. Does he agree that the future rent policy should not only guarantee affordability, but offer long-term certainty for housing associations, so that they do deliver the homes that we need?
Yes, I do agree with my hon. Friend. It is an excellent point. Housing associations currently account for roughly a third of total housing supply, and we do want a situation in which they can borrow even more against that future income to build even more homes. That is something that it is in the housing White Paper, and we intend to build on it.