Affordable Housing: Expenditure

(asked on 25th October 2018) - View Source
Questioner
Mark Hendrick Portrait
Mark Hendrick
(Labour (Co-op) - Preston)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how much the Government has spent on affordable housing in the last (a) year and (b) five years.

Answered by
Elizabeth Truss Portrait
Elizabeth Truss
This question was answered on 30th October 2018

The government funds affordable housing through the Affordable Homes Programme. It does not announce funding on a yearly basis. The allocations of funding are as follows:

  • Affordable Homes Programme 2011 – 2015 £4.5 billion

  • Affordable Homes Programme 2015 – 2018* £2.9 billion

  • Shared Ownership and Affordable Homes Programme 2016 – 2022 £9.1 billion (including £1 billion of commitments from the 2015 – 18 programme).

    (* In addition to the 2015 - 2018 programme we also announced the “Rent to Buy loan scheme” of £200 million funding to deliver Rent to Buy homes.)

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