The Government funds affordable housing through the Affordable Homes programme. It does not announce funding on a yearly basis. The allocations of funding for each programme are as follows:
Amount of funding
Affordable homes programme 2011 - 2015
Affordable homes programme 2015 – 2018
Shared Ownership and Affordable Homes Programme 2016 - 2021
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.