Housing: Finance

(asked on 23rd April 2018) - View Source

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

To ask the Secretary of State for Housing, Communities and Local Government, when the Shared Housing and Affordable Homes Programme 2016-21 prospectus will be updated to reflect additional funding committed since January 2017.


Answered by
Dominic Raab Portrait
Dominic Raab
This question was answered on 1st May 2018

Affordable housing remains the Government's priority. That's why the Prime Minister has announced an additional £2 billion funding for affordable housing, increasing the Affordable Homes Programme 2016-21 budget to over £9 billion to deliver a wide range of affordable housing, including social rent homes.

The Chancellor has also announced an additional £1.67 billon funding boost for London to support the Mayor to build a further 26,000 affordable homes - two-thirds will be homes for rent, including at social rent. This has increased our investment in London to over £4.8 billion for at least 116,000 homes by March 2022.

Further details on how social rent will be prioritised in areas of greatest need outside London, and how funding will be available for bids, will be published shortly.

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