Affordable Housing: Construction

(asked on 13th October 2021) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask Her Majesty's Government what steps they are taking to increase the supply of affordable housing.


Answered by
Lord Greenhalgh Portrait
Lord Greenhalgh
This question was answered on 26th October 2021

The Government is committed to increasing the supply of affordable housing and are investing over £12 billion in affordable housing over 5 years, the largest investment in affordable housing in a decade

This includes the new £11.5 billion Affordable Homes Programme (AHP), which will provide up to 180,000 new homes across the country, should economic conditions allow. We’re committed to delivering affordable homes of a variety of tenures so that we can support a range of people in different circumstances and stages in their lives.

Since 2010, we’ve delivered over 542,400 new affordable homes, including over 382,300 affordable homes for rent, of which over 149,400 homes are for social rent. The new Affordable Homes Programme will deliver more than double the social rent than the current programme, with around 32,000 social rent homes due to be delivered.

Approximately half of the homes delivered will be for affordable home ownership, supporting aspiring homeowners to take their first step on to the housing ladder. As part of this new programme, in August 2021 we announced a £8.6 billion funding package to build 119,000 affordable homes to boost home ownership and build the homes the country needs.

Nearly 90 partnerships across England, including councils, housing associations and private providers, successfully bid for a share of the cash. Supporting our levelling up agenda, nearly £5.2 billion of this will be spent outside of London and 75% of the 119,000 new homes will be built outside London.

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