Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what fiscal steps he is taking with the Secretary of State for Levelling Up, Housing and Communities to increase the number of social houses built, in addition to the Affordable Homes Programme.

The government is committed to delivering social and affordable housing and is investing £11.5 billion in the Affordable Homes Programme from 2021 to 2026. This is the largest investment in affordable housing in a decade and includes investment in supported housing, social and affordable rent and shared ownership. In addition to support local authorities to deliver council housing, in March 2021 the government announced a package of reforms to give councils more freedom in how they can spend the money they receive from Right to Buy sales on replacement homes; and at Spring Budget 2023 we announced a discounted Public Works Loan Board borrowing rate for Housing Revenue Accounts.