Affordable Housing: Expenditure

Ministry of Housing, Communities and Local Government written question – answered on 23rd April 2018.

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Photo of David Evennett David Evennett Conservative, Bexleyheath and Crayford

To ask the Secretary of State for Housing, Communities and Local Government, what the affordable housing budget was in each of the last five years; and what proportion of that budget in each year was allocated to London.

Photo of Dominic Raab Dominic Raab Minister of State (Housing, Communities and Local Government)

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

Programme

Amount of funding

Affordable Homes Programme 2011 - 2015

£4.5 billion

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.

* In addition to the 2015 - 2018 programme we also announced the Rent to Buy loan scheme of £200 million funding to deliver Rent to Buy homes.

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. This was extended beyond the 2016-2021 programme to allow for additional delivery in London.

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