Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Housing, Communities and Local Government, how much of the funding available for the Affordable Homes Programme 2016-21 will be included in the £12.2 billion announced in Budget 2020.
At Budget 2020 the Government announced we are investing £12.2 billion to build affordable homes between 2021/22 and 2025/26.
Of this, £9.5 billion is new funding and £2 billion is for long-term strategic partnerships previously announced in September 2018.
This will form the new Affordable Homes Programme. A further £700 million was already allocated as part of the 2016-22 Affordable Homes Programme.
The existing Affordable Homes Programme?will be extended by one year. This will help to mitigate the impact of site closures due to COVID-19.