Social Rented Housing: Finance

(asked on 4th December 2023) - View Source

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

To ask His Majesty's Government what plans they have to increase grant funding for social housing delivery to reflect the decrease in the number of planning applications being made, and a probable decrease in the number of section 106 social homes being built as a result.


Answered by
Baroness Penn Portrait
Baroness Penn
Minister on Leave (Parliamentary Under Secretary of State)
This question was answered on 18th December 2023

The provision of affordable housing is part of the Government's plan to build more homes and provide aspiring homeowners with a step onto the housing ladder.

Our £11.5 billion Affordable Homes Programme will deliver thousands of affordable homes for both rent and to buy right across the country.

The Levelling Up White Paper committed to increasing the supply of social rented homes and a large number of the new homes delivered through our Affordable Homes Programme will be for social rent.

For the first time we are allowing the use of grant towards replacement homes on regeneration schemes where there is a positive impact on overall housing supply. This will mean that more regeneration schemes become viable and we can begin to replace outdated, inefficient, and poor quality stock with new housing, whilst meeting the Affordable Homes Programme objective of increasing supply.

The housing sector has experienced an increase in the cost of borrowing and materials due to wider economic pressures. The Government continuously works with its delivery agencies to ensure that the Programme is delivering effectively in light of these economic challenges.

Since 2010, we have delivered over 684,800 new affordable homes, including over 475,500 affordable homes for rent, of which over 171,100 homes for social rent.

Reticulating Splines