Affordable Housing: Finance

(asked on 23rd April 2018) - View Source
Questioner
John Healey Portrait
John Healey
(Labour - Wentworth and Dearne)

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

To ask the Secretary of State for Housing, Communities and Local Government, what the total spending on grant funding for affordable homes by the (a) Homes and Communities Agency and (b) Greater London Authority was in each financial year from 2009-10 to 2017-18.

Answered by
Dominic Raab Portrait
Dominic Raab
This question was answered on 27th April 2018

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

Programme

Amount of funding

Affordable homes programme 2011 - 2015

£4.5 billon

Affordable homes programme 2015 – 2018

£2.9 billion

Shared Ownership and Affordable Homes Programme 2016 - 2021

  • £5.7 billion (including £1 billion of commitments from the 2015 – 18 programme.
  • Additional £1.4 billion announced at Autumn Statement 2016.
  • Additional £2 billion announced on 4 October 2017.
Total 2016-21 budget of more than £9 billion.

In recognition of the acute needs and affordability pressure, London will be receiving £4.8 billion of the Affordable Homes Programme budget from 2015 – 2022, to deliver at least 116,000 homes by March 2022.

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