Tim Farron
Liberal Democrat Lords Spokesperson (Communities and Local Government), Liberal Democrat Spokesperson (Housing, Communities and Local Government), Liberal Democrat Spokesperson (North of England) (Northern Powerhouse), Liberal Democrat Spokesperson (Food and Rural Affairs)
To ask the Secretary of State for Housing, Communities and Local Government, what plans he has for the funding of the Affordable Homes Programme.
Christopher Pincher
Minister of State (Housing, Communities and Local Government)
The Government is committed to increasing the supply of social housing and has made £9 billion available through the Affordable Homes Programme to March 2022 to deliver approximately 250,000 new affordable homes in a wide range of tenures, including Social Rent, Shared Ownership and Rent to Buy.
Building on this, we announced at Budget 2020 that we are investing £12 billion to build affordable homes between 2021/22 and 2025/26. This will be the biggest cash investment in affordable housing for a decade.
This new 5-year investment will deliver additional affordable housing, help people to own their own home, and build social rent homes to help families and those most at risk of homelessness in areas of the country where affordability pressure is acute. A mix of different tenures is vital to meet the needs of a wide range of people, and to allow the sector to build the right homes in the right places.
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