Written Question on Housing: Finance

Written Questions are submitted by MPs or Lords to receive information from a Department.


See more on: "Housing: Finance"
Date Title Questioner
1 Nov 2017, 2:16 p.m. Housing: Finance Lord Kennedy of Southwark

Question

To ask Her Majesty's Government what percentage of new funding announced for housing in each year since June 2010 has been targeted towards (1) social housing,  (2) affordable housing, and (3) Help to Buy, Rent to Buy and other similar schemes.

Answer (Lord Bourne of Aberystwyth)

The Department for Communities and Local Government Annual Report and Accounts 2016/17 sets out the activities of the department across the financial year. This was published on 30 June 2017 and includes budget information about Help to Buy and Affordable Homes against total departmental budget. This is available (attached) online at: https://www.gov.uk/government/publications/dclg-annual-report-and-accounts-2016-to-2017

For Help to Buy, the total budget for each financial year 2011/12 – 2015/16 is as follows:

Budget for each financial year

2011-12 (£m)

2012-13 (£m)

2013-14 (£m)

2014-15 (£m)

2015-16 (£m)

Help to Buy (including First Buy)

70

142

908

1,469

1,505

For affordable housing, including social housing, the government funds this through the Affordable Homes programme with bidding for funding being made at beginning of the process. It does not announce funding on a yearly basis.

The expanded programme is fully flexible allowing a wider range of products that will help meet the housing needs of a wider range of people in different circumstances, including Help to Buy, Shared Ownership, Rent to Buy as well as affordable rent and social rent.


You may also be interested in: