Question to the Ministry of Housing, Communities and Local Government:
To ask the Secretary of State for Housing, Communities and Local Government, what steps his Department is taking to increase the availability of high quality social housing including (a) bungalows for pensioners and (b) homes for young families.
The Government is committed to increasing the supply of affordable housing and is 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, which will leverage up to £38 billion of private finance and will provide up to 180,000 new affordable homes across the country, should economic conditions allow.
Around half of the new programme will be for social and affordable rent, and it will deliver more than double for social rent than the current programme. 10% of delivery will be used to increase the supply of much needed specialist or supported housing, including housing for older people.
We will also be using the new Affordable Homes Programme to fund a First Homes pilot of 1500 homes. The First Homes scheme will help local first-time buyers onto the property ladder by offering homes at a discount of at least 30% compared to the market price. That same percentage will then be passed on with the sale of the property to future first-time buyers, meaning homes will always be sold below market value, benefiting future generations. On 4 June, we launched the first phase with further sites set to launch across the country in the coming weeks.
Whilst we do not set requirements for the types of affordable housing that are delivered, Registered Providers work closely with local authorities to ensure that delivery meets local housing need.